That being said as long as you don't finance it with a method that requires it to be your primary residence for a certain period of time, go for it!

This is what info I have from the promissory note:Principal: $750,000Beg Date: 09/14/2021Interest Calculation Method: 365/360 basisInterest rate: 3.650%Final Payment due on September 14, 2051When I plug info into the online amortization schedule, the payment comes out to be $3,453.28, $2,2281.25 (interest), and  $1,172.03(principal)However the email I have from the bank has the information below:Summary of Account Current Balance: $750,000.00 Interest Rate: 3.6500% YTD Interest Paid: 0 Maturity Date: 9/14/51 Payment Information Current Principal Due: $1,627.26 Current Interest Due: $1,825.00 TOTAL DUE: $3,452.26 Payment Due Date: 10/14/21Thanks,

@Dave Wittnauer sounds like hiring a property manager will solve all of your problems.

There are no REIAs anywhere near my area, and I would like to get some insight and a different perspective on what methods can be used, scaling, financing, etc. 

My medium-term goal is to own and rent 10-15 properties in the next 5 years with this method.

For quick and dirty method, apply the 50% rule for expenses.If this is a distressed asset, give them a cap rate before and after stabilization.

Another alternative for new construction homes would simply be the "advanced framing method".

House hacking, seller financing, subject-to, flipping, wholesaling are just a few methods that come to mind.

You will have two escrows, two closing, and two sets of closing costs in this method and you will also need to bring funds to the table to close the transaction between you and seller.More importantly, assignments as a means to wholesale are typically executed illegally as they violate CA DRE laws for brokering without a license so I strongly suggest that you look into the legalities of your wholesale structure before you proceed. 

@Jim K.I’m a big fan of the Socratic method.