I’m a new investor trying to secure my first property that I then plan to rehab and sell.

Several weeks ago a friend of mine and I decided to begin our real estate journey.What are the pros and cons associated with the following paths towards securing financing? 

I've contacted insurance and secured the home, however, I've been getting many calls from "Public Adjusters."

You can't see a hole in the wall from your phone but you can ask what the rents are or who has a security deposit

The lender is looking at the underlying asset (property securing the loan).

Single family houses would not work, for example, in most of Lower Manhattan.....Find your local meetings at MeetUp.com and NationalREIA.comLearn what investors in your area are buying and where the big players are making their money.Good luck!

How to mitigate the risk of them up and leaving is to collect larger security deposits or have them pay a couple months rent.

However, one partner is hands on, lives in the area, and will be doing all the ground work; to include securing the financing, finding the deal, and self managing the property and everything that comes with that.

second just have the family give you a loan like any other lender secured by the property. at an interest rate you negotiate.. refinance and payoff lump sum.. 

During that time I would secure a mortgage to pay off the first and second.