Option 2: Private LoanIn this option, a promissory note is written for my partner to loan me the down payment amount (20%/$46K) for a 2-5 year term at a 10% interest rate (details are still up for negotiation - are these terms reasonable for this kind of deal?).

@Bill Gulley I like the way you think......The only snag is getting a seller to agree to this original contract term.  

I would like to retain this house and turn it into a mid-term or long-term furnished rental.I would like to move out of that house and into a bigger primary residence which would likely be a $750-850k purchase price.

And with a lack of five-star communities, there's a major focus on the primary MHC market, which is much more stable in terms of occupancy and cap rates compared to traditional multifamily properties.Well, there you have it – the manufactured housing community sector is a hot ticket, with demand growing, rents on the rise, and occupancy rates staying solid.

"Pre-foreclosure" is a term that is misunderstood often...it indicates that "lis pendens or notice of default is filed (consider it a lawsuit) until the property is sold."  

Purchase price: $770,000 Cash invested: $300,000 First house hacked for 2 years then moved out and converted to mid-term rental.

@John Park The condo fee is average in terms of the cost.

To qualify, an investment club:must not make, nor propose to make, a public offering of its securities; andmust not have more than 100 members.A public web site or other public communication that could be viewed as suggesting that a club is looking for new members might be considered a public offering.

For what it's worth, my current job has a very high barrier to entry in terms of experience/licensing so I can get hired tomorrow and make the same money if I ever needed to come back.

Short term and mid term rental prospects for condominiums in major hubs such as BGC and Taguig.