I've done the rehab all myself so far with the exception of contracting out the new HVAC installation and electrician and I've gained a great deal of experience and appreciation for what is involved.

Pick a certain percentage of yourTo answer you, we do already have some investment rentals that are doing fairly well (handed off to PMs now), we had used house-hacking methods to get these going and did fairly well.

Hi Ruben,     I'd get involved in a networking group in the area.

I used to be very hands-on involved, and loved it, but my health has made that extremely difficult.  

I'm interesting in looking at markets in other cities and would like to get involved in multi-family properties and as I continue to learn begin innovating.The ultimate goal for me, like with many, if not most, others, is to attain financial independence as well as security.I'm super excited to get involved and learn as much as I can within this wonderful community!

Having said all of that, I can see why getting involved would be wise as soon as one actually started in the business...

Is this the exact same thing as simply signing a regular purchase and sales agreement with a note being the payment method upon sale, and again, moving her to 1st lien position?

Hello Everyone,My name is Eric and I am an aspiring to get more involved within bigger pockets and the real estate community.

You should definitely weigh vacation rental vs other methods. 

I'd suggest researching the different types of investing methods and then choosing one that interests you the most and mastering it.