This is an area I’m always curious about, so let’s keep the conversation going! 

The moderator took it down before and said that it should be in the classifieds but hopefully this time around they can see for certain that I’m just having a conversation and not trying to sell anyone on anything. 

Coming into this conversation a bit late. 

I have $25K cash for a down payment and can add $20K/year ($1,600/month) toward payments.No W2s, I've looked into building a small home right away and using a bank statements loan (have about 8800. monthly income) , but with 9%+ interest rates, it’s beyond my budget.Is there any sort of creative financing ideas possible or private lender possibilities?

When you buy a property with the intention to Airbnb Househack, you can find a better layout to make it more separate / private but start with what you have, Get temporarily uncomfortable so that you have a comfortable future.

I'd try to fill at least a few spots to get some income coming in, and then do a rolling conversion to MTR as you have the cash to outfit a unit with everything an MTR needs.

This is a good reference for myself and personal private lenders.

Keep in mind, though, if you just sell outright, you could be looking at capital gains and depreciation recapture, so it’s worth crunching the numbers with a proper tax professional (I’m not one, by the way).What do you think the rest of the community has seen happen to property values since last year, and do you believe it changes the 1031 conversation?

I kept trying to steer the conversation back to the fact that he hadn't paid me rent for 4 months.   

Sorry for derailing the book conversation but I think this topic is pretty interesting especially with the way the market is changing.