@Kenneth Garrett Your example makes perfect sense, but I thought in order to make a private loan like that there were legal hurdles (isn’t that where the whole credited vs accredited comes from)?

I work that area a lot and it's perfect for a house hack if you're cool to do a chunk of work. 

But also keep in mind there is often a "perfect world attorney answer" and a "real world landlord/PM answer", and you have to figure out what the risk is and if it's worth taking possession of the unit. 

I'm relocating to McLean Virginia, and I figured this would be the perfect opportunity to begin building my real estate portfolio. interested in investing in the McLean or Arlington, Virginia areas.

This is a perfect BRRRR strategy as I was able to get an extremely reduced price and there is a LARGE value add opportunity with adding an ADU and upgrading the original structure.

The house is perfect.

Which is 61% of the value of my properties Perfect.

Tampa, the main seat of Hillsborough county, has seen a cool off just like the rest of the country and getting a 4 unit in that price range is attainable.As you mentioned, you first want to buy a place to live in; this could be the perfect setup: live in 1 and rent the other 3 out to cover your mortgage and maybe even have positive cash flow.

Perfect to BRRRR and get all in for low/no money in the property. 

I'm amazed how easy it is to keep clean and perfect, especially when we stay at other places and the tubs are dirty or smell like mold.