Here are some pros and cons of each approach to help you decide:Paying Cash for One Home and Refinancing LaterPros:No Mortgage Payments: You won't have monthly mortgage payments initially, which can reduce financial stress.Equity: You own the home outright, giving you full equity which can be used for refinancing.Lower Costs: No interest payments and possibly lower closing costs compared to having a mortgage.Better Negotiation Power: Cash buyers often have more negotiating power and can close deals faster.Cons:Opportunity Cost: Your cash is tied up in one property, potentially limiting your ability to invest in other opportunities.Refinancing Risks: Future interest rates may be higher, making refinancing more expensive.Market Fluctuations: Property values might decrease, affecting the amount you can refinance.Buying Four Homes with 20% Down on EachPros:Diversification: Owning multiple properties diversifies your investment, reducing risk.Rental Income: Potential rental income from multiple properties can generate cash flow.Appreciation: You benefit from the appreciation of multiple properties.Leverage: Using mortgages allows you to leverage your investments, potentially increasing your return on investment.Cons:Higher Debt: You'll have multiple mortgage payments, increasing your debt and financial obligations.Management: Managing multiple properties can be more complex and time-consuming.Market Risks: Market downturns can affect all properties, amplifying risks.Cash Flow: If rental income is not enough to cover mortgage payments, you could face cash flow issues.Considerations:Financial Stability: Assess your current financial stability and ability to handle mortgage payments and potential vacancies.Market Conditions: Consider current and projected real estate market conditions and interest rates.Investment Goals: Align your decision with your long-term investment goals and risk tolerance.Professional Advice: Consult with a financial advisor or real estate professional to get personalized advice based on your specific situation.If you prioritize lower risk and less debt, paying cash for one home might be the better option.

**Customization Options:** Early buyers can often choose finishes and layouts and pick the floorplans and floors they love the most, adding personal value.3.

I can personally live with the bathroom, but it definitely needs a new toilet and vanity at minimum.

Let's look at MSA median incomes, because reality is when "investing" in a MSA Real Estate, well, revenue and profitability will be DIRECTLY dictated by your customer bases ability to pay, right. 

Personal loan for the rehab.

Personally, if I was living in a hotel I'd want to move more quickly too. 

They just take a personal financial statement.

Any suggestions for a good real estate lawyer in Alabama would be appreciated.This person has a very large legal judgement against him.  

I personally welcome the feedback as it can only help me become better at this.I think there needs to be a degree of fairness/ principle here though.

I got quoted $1490 yearly cost plus a $30/mo retainer to have unlimited access to my personal real estate accountant.