You need time to get your feet wet - and doing it on a small scale is WAY safer than getting into a 6 figure renovation.Flips are for one time cash, and rentals are for long term cash-flow.  

The interest rates are crazy, and most term limits are 15 to 20 years.

Not if your strategy is long term buy and hold.

I am currently operating my mid-term rental in Hollywood, FL.

Do not fall for the attractive looking term sheet. 

Originally posted by @Brelyn Pyles:@ J Scott would you say that FTF flip is a good route to go for newbie investors or do they only work with seasoned investors?

A rental is a long term play. 

Below are the figures:Purchase Price: $225,369.78ARV: $199,000.00Mortgage Balance: $209,099.44Great thing about wraps, however, is you can add equity, interest, and your own terms, which is what the borrower did here.Via adding $101,000.00 in equity, the borrower plans to sell the property for $300,000.00 for a 30 year amortization and have the borrower place a down payment of $15,000.00.

The majority of their Syndication exists through Zumper and a small portion through Zillow; however, with the company transposing values such as units with the term lot, they will quickly get you blacklisted!

So, there is a premium demanded by the property owner to lease his property short term rather than long term.