Write it down, develop a policy in writing, create a simple checklist to summarize/follow, and stick to it.

It does not create any new basis or new deductions.

If you don't have multiple "REAL" private money lender individuals cash or 401's, It's impossible to SCALE and really grow. 

Giving sellers options creates a higher probability of creating profit on a seemingly profitless deal. 

Since it’s your primary residence, you also get access to one of the greatest wealth-building tools ever created: a 30 year, fixed low interest, low downpayment mortgage.

It ultimately depends on your individual investment goals and risk tolerance.

It all depends on what the individual would do with their risk tolerance.

With that said, what is the best strategy for building wealth and creating cash flow with real estate in today's market?

You will always need the OTAs to help you build and refresh your email list but over time the dependency will shrink and you’ll create a solid independent direct booking business.

I have joined my local REIA and will be attending meetings next month, I have a relationship with an individual I trust (an older relative) who has offered about 150-180k to invest with me for my first deal(s) at a reasonable return, and I have started analyzing deals.