And he goes about doing this for a few decades then morphs into this note program and well when the notes cant pay interest the investors right away jump to he is a crook must be a fraud must be a ponzi etc etc..

I moved here from Florida as well.I love house hacking here in Columbus because you can get into the higher priced areas that will appreciate the fastest and leverage your money very effectively.

Did that for about 4-5 months and sold 3 houses before I went home for summer break and decided to transfer schools.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

The current owners do not have a mortgage, and would sell it to me direct.Since the don't need the cash, I'm going to offer $50k down at a 3% interest at a 30yr rate, but buy them out and remortgage it with the bank at year 5.No money needs to go into it, i have a $100/mon HOA, ~$800/mon escrow.

Just go to the Vegas auctions you will see it every day.. there is always some investor that will pay more than you will .. most of those folks are just looking for rentals.. some are not clued into values as you suspect but many just have other criteria that is not your criteria.. and forgeta bout it when someone wants to live in the house no one will beat them ..

Find a lender willing to be in 2nd position or find family or friends willing to invest in your project---if they have IRAs, they can roll over into a self-directed and invest in your project. 

Make sure you have an LLC set up to put your investment property into the LLC.2.

Hey there @Kiara Spence, congrats on diving into real estate investing!

. - But I have a family member (Brother or Parent etc...) who is interested in putting some money into it.- Total start up costs (Down payment + closing costs, furnishing, getting started on Airbnb etc...) = 200k USD- Family member wants to put in 50k USD of the start up costs, but doesn't want to be on the hook for the mortgage.