I am leaning more towards a single family property and renting out the remaining rooms with a focus on a property where I can add an extra bedroom, but am open to a multi family unit as well.

So far the one lender I talked to would not do a hold back in "good weather" (as in summer when the work can be done) and my agent was leaning towards the fact that the seller did not have the money to replace it or else they would be able to list the property higher.

Hi Jill I leaning towards a buy and hold for a Added stream of income But I’m not opposed to a flip.

We started using home team as a convenience for you.

Feel free to lean on me for the financial side should you need information or help finding products and programs. 

That’s all the pros and now the major CON Alright so you get the picture of where the previous investor was in the rehab and now imagine seeing the right side of the house leaning away from the left noticeably a few inches in some sections to where you could see it from the front of the house and you can tell it’s a major structural issue and the fact that roughly 1 inch thick cables/ratchets have been installed (professionally) to support the wall (5-6 of them throughout) potentially the whole house is major cause for concern I just don’t know how much concern and what kind of cost are we talking about?

You want to make offers on properties you are at least leaning towards purchasing if all goes well under contract.

This would increase my ROI to 43.5% and Cash Flow $667.25 a month, but I would have to save for my next property rather than using equity in some way.I am leaning toward option 2 because I like the idea of being able to pull the cash out to use as a down payment toward additional properties rather than use an additional loan with the equity like option 1 for additional properties.

After (2) 3-9 month travelling professionals we have a long-term local professional that likes convenience.  30% premium rent without  turnover. 

Some will surely choose the convenience of urban life.