You can slowly build up multiple revenue streams while allowing the flipping to fund the long term hold side.

It’s not a long term solution and if they are real friends and family the goal should be getting them into a duplex or something with an income stream so that they can start building wealth!

We usually spend a few days driving the local streets and outlining areas that we feel okay about and places we just don't or things that worry us (stream nearby, etc.)Subscribe to the local paper (real or online).  

Acquiring assists and building income streams is now my #1 priority.

Small stream near by.

Currently, I feel my biggest choke point in my operation is the completion time of the renovations, everything else I could speed/stream line pretty easily.   

To use this approach though a bank has to be willing to finance it though- which is really tricky.Income approach is take it as a rental income stream and apply a very high cap rate and take that value. 

There is also a large public lake with boating and other activities near where I am looking, maybe 30mins away, on top of all the other lakes and streams.

Its just not a main stream product that many people are going to be able to use that's my point.  

With a positive cash flow, you can feel confident that your property will continue to provide a reliable stream of income while also safeguarding against any unforeseen financial challenges.Market Demand and Trends:Stay informed and up-to-date on market trends and demand in the area to ensure that you are well-positioned to make informed investment decisions.