I'm currently in a rent to own house we are moving out of and will be renovating and renting.

@Taylor Smith if you are looking to buy a home for yourself as a primary residence, I have a video on my YouTube channel called "The Absolute Best Way to Buy a House."

Quote from @Jimmy Sont: I'm looking to build around 700 sq ft 2 bed / 2 bath guest house primarily used for short to mid term rentals.

Lake house, cabin feel, waterfront etc.

Ended up calling the Jersey City Division of Housing Preservation and in essence the entire home has to be in good order even if certain parts aren't accessible to guests.

I'd research how much the rich people from NYC are paying and see what kind of houses they're staying in.

Purchase price: $232,500 Cash invested: $45,000 Beautiful fully renovated Shore Acres 2/1.This house really stands out on the block with the new bright paint scheme!

If you are going to buy $75,000 houses in Memphis, you need to go visit them in person.I don't know anything about these companies, but when it sounds way too good to be true, it normally is.   

Look for off-market deals, seller financing opportunities, or even house hacking a small multi-family with an FHA loan (3.5% down) if you plan to live in one unit.For creative financing, explore seller financing, subject-to deals, and lease options.

Are you focusing on corporate housing, insurance placements, traveling professionals, or something else?