Quote from @Yemisi Dinkins: As a property owner, I would never sign a Master Lease because I would give up control of the property so someone else could profit from it.

Quote from @Roy Jenkins: I want to start flipping properties my last year in the military but I'm not quite sure what the best type of loan would be for a beginner flipper.

I am interested in purchasing or building a multifamily property to househack. 

The property is unique so you would do well with families who also need to WFH so insurance displacement would be ideal.

So what you need to look at is what are active flippers paying for properties, and what are they paying to rehab them.

.: unless a lake front, dont bother - the market is oversaturated. open airbnb and see how many available properties there are for the upcoming holidays.  

My primary residence is debt free as is my rental property-- the thought is the rental will supplement the retirement income and I'm not chasing ROI/ COCr / vacancies / etc.Thanks for the welcome! 

I'd also talk to the tenant as there is no way a landlord, especially a property management company, would let anyone move in without having paid the first month's rent.

The property is worth 800k.

This could potentially drive up the price on the subject property.