I like that it's turn-key, cash-flowing, and I will not have to deal with tenants.

All my other PMs treat cash flow each property separately.  

Hey Mayuresh, Cleveland is definitely a great spot for targeting cash flow.

Sell house and buy a cheaper house all cash avoid the current high interest rate.

However, if it’s only one or two months, I’d highly recommend offering cash for keys just to get the tenant out. 

Is it that I'll purchase a new $1M property with all sales proceed, any then cash out refinance $450k afterwards to repay back the investor?

I know you need cash to bid.

Purchase price: $98,000 Cash invested: $31,000 Sale price: $166,000 We acquired 1212 Ridgmont from a wholesaler, and it turned out to be a straightforward rehab project.

Quote from @Patrick Padovano: Since your father is helping you build, I assume you can build the home cheaper than if you hired an outsider, which means it may cash flow nicely. 

I specialize in bridging the gap between national & international investors and builders...basically, providing a turn-key process for identifying, purchasing, & managing cash-flowing properties.