What would be some of the lowest cash options to finance the land/new build as soon as possible?

Cleveland is a great cash flow market, but you really need someone who knows the area to provide guidance.   

Are you buying it with cash and can you provide a proof of funds?

LLCs are way overrated for new investors as you would need to buying cash or commercial to get them in an LLC anyway.

Purchase price: $500,000 Cash invested: $125,000 Bought a 3 unit property 10 mins away from me!

Amazingly, they suddenly figure out that they happened to leave some spare rent money under the mattress or their rich uncle left them a bond they can cash out.

YES, you can still achieve cash flows of 7% to 10% in the single-family residential (SFR) sector.If you want to learn more about these opportunities, don't hesitate to reach out.

During the term period, do i take over mortgage payments and pay the seller a rental fee/rental premium from the cash flow?

Context: I’ve been using MLS, realtors and wholesalers to seek out my first investment property (debt free outside existing mortgage, $100k cash saved, stable income), since my network is fairly new and limited as a green investor.

. - Lastly, if you are looking at real estate as a long term buy and hold strategy, you have to look beyond just cash flow.