The state is Florida.I did not consider this first mortgage an issue because I was simply going to live rent and mortgage free in this property myself, rent bedrooms, make good money and recoup my investment in short time (netting 4k income per month if you count not having to pay my current rent).

From my research, townhomes appear to have lower maintenance costs compared to single-family properties and potentially offer higher cash flow.My primary goal is to find avenues to park money while also building wealth, achieving high cash flow, and growing in the real estate sector.

I have all evidence to back up my claims, feel free to reach out if you have more questions.

Some lenders will offer a blend of the two with something like a 14 year term.If a lender asks for more, they're imposing additional restrictions over and above what SBA requires.  

Feel free to send me a DM to connect. 

They are free to use and the software is super easy to navigate.

So here it is: Asking price: $70,000What I intend to offer (if I offer): $45,000.

I'm also contemplating offering a 20-month lease, though I worry it might seem daunting to the tenant.

If you mean Manufactured you can go Fannie 3% down either way it still only takes 21-28 days to close a purchase.Feel free to reach out if you have any questions or need more details I enjoy helping and talking REI!

Building is a lengthy process that requires coordinating multiple aspects, which can be time-consuming.On the other hand, buying an existing property is generally cheaper upfront and offers the advantage of immediate availability, so you can move in or rent out quickly.