Also start listening to BiggerPockets podcasts pertaining to your situations.

Thanks for reading my long winded post, I realize with situations like these there are no "correct" decisions only different decisions that yield different outcomes.

- The best time to start is after you've done thorough research and are financially prepared.

Amazing information you guys are giving, I really appreciate it and I will need to go through and re-read - google your replies to make sure I have a good understanding of my situation. to answer some of the questions asked to me.I believe the first lien is coming in at 65% ARV, which would be right around 375k.

Conduct thorough due diligence, including property inspections, financial analysis, and reviewing rental market data.

The most suitable approach will vary based on how much risk you are willing to take, your financial status, investing goals, and personal preferences.Good luck!

As stated above, we are new investor looking to gain financial freedom and generate wealth for our family.

Can I refuse ESAs since it would cause an "undue financial hardship" to me which is one of the exceptions allowed? 

How do I go about making this a great tool to lead to financial independence?

Seek advice from a real estate agent, property inspector, financial advisor, or investment mentor to evaluate the deal and receive expert guidance.Good luck!