Andrew,Man so much good knowledge has been dropped on this topic already so there isn't much to add other than its all on your personal experience level as well as your willingness to take risk.

It is a 3 bed 1 bath located in Dallas, Wi. 2900 square feet, built in 1920, 1 car garage, and a beat down shed in back.The house definitely needs some love to up the value of home, but I have the knowledge to do 90% of the work myself for this flip. 

I also want parents to have the option to back out in 2-5 years if for whatever reason they no longer feel comfortable or want to invest somewhere else.We would prefer the loan from the parents.

Feel free to message me if you want to discuss further. 

El Cajon I feel has the most bang for buck in terms of what I will be paying and getting in return with rents.

It would be my first investment property and I’d like to get a feel for it before handing it to somebody else.

This includes working with a knowledgeable agent familiar with your investment area, finding trustworthy local contractors for your projects, securing responsive insurance agents, partnering with investor-friendly title companies, and connecting with lenders offering suitable financing for your strategy.With your goals set and team in place, you should feel more confident in your approach.

Hey there, it's awesome that you've got 20k saved up, but tackling that 155k gap might feel a bit overwhelming.

I do have customer service background working in high end restaurants in Orlando for 8 years (getting food shopped all the time and passing with 100%) and feel I would be an excellent asset to someones property in it becoming a successful STR.

Feel free to reach out.