Try those two options and I bet you will have a lot of financing options.Blessings,Joel

Thanks everyone and be safe!

Your best bet is to speak with a real estate attorney re: right of first refusal. 

That’s the best bet.  

I think your best bet would be to get experienced at estimating the rehab cost.

Typically you'd only calculate long term rent when you crunch the numbers, but Santa Barbara has a shortage of hotels/places to stay, so airbnb/short term rentals, like @Rohme Williams said, should be a solid bet.

Picking a specific market and understanding trends from there by using local resources will be your best bet for success.

These professional softwares literally write checks for you (like online banking) and have controls in place so you can have employees safely make payments for you without them having true banking controls.

@Brian ChoiI would say your best bet may be to ask if they do commercial loans if you are looking at an apartment that is more than 5 units and if they do lend on that show them the numbers using the calculator so you can present yourself well rather than just being another voice on a phone.

I also enjoy safe ETFs as well though that are truly passive - really up to you and your life and financial goals.