Interesting (to me at least) factoid about myself; I am a professional musician and perform in the USAF band program where I've had the privilege of playing for 3 US presidents, 2 of whom were living.

Now that I have my 4 little green houses I'll be looking to trade up to my red hotel.  

Talk about 'sticking out like a sore thumb' - I was blonde, with blue eyes and a red convertible in an all black low-income neighborhood.

I'll try and be careful, but even black burn marks would look better than the white blotch of paint on the old red brick.

The biggest red flag I see if the short term lease.

Little to no meat on the bone left at the end of the month if I buy a $600k SF home for myself, with big $125k downpayment and $3000-$3500/month obligations.

If the daughter doesn't have the money for an apartment, doesn't have a job, and can't find her own apartment with out daddy doing it for her..........RED FLAG.

Red flags!

I found this site called pad split the concept sounds interesting, as a marketplace that handles all work but to me, there could be a ton of red flags.

It really depends on your strategy/plan with the property.....If there is more "meat on the bone" and you don't want to pay any up front fees or monthly fees....private money is a great option....if you have $12-15K and you can handle the HML and make a little more on the back end this may be a better option........good luck!