After completing this rehab (which will be slow process doing it in place) I would look to refinance into traditional Fannie/Freddie loan at 80% LTV.  

They listen to people on FB or these so called guru's and think they're going to be rich overnight.

I quick my corporate job a year ago and just trade stocks now so I can't get a traditional mortgage and I have a bunch of free time so I figured now is the time to jump in.The plan is to buy a single-family under my mom's name (I just showed her how to do a cash-out refi on her current house) then in the next few months, I get a job and buy a duplex! 

Fast forward after reading Rich Dad Poor DaD I realized if I bought my first home the cons would be-Liability rather than Asset-Long commute which wouldn't allow me to NOT come home 3 days a week due to Mandatory OTPros- We have our own space and privacy and not be in each others way using kitchen and kitchen table etc.Sorry for ranting, Just trying to figure out whats the best options to meet financial freedom earlier than waiting on my retirement at age of 58 and ultimately have our own place.FYI, I don't carry enough capital for a good area in the bay area for a 20 percent down but carry close to 800 in credit.Any advice is greatly appreciated!

My thoughts are to get my first property traditional, conventional or FHA any afterwards I was thinking in my LLC.

REI is a get rich slow process.

If you have not, great books to read are:• Rich Dad, Poor Dad• The Millionaire Next Door•Cash Flow Quadrant• Tax Free Wealth• Set For Life• Rental Property Investing• The Millionaire Real Estate Investor• The REAL Book of Real Estate• So Good They Can’t Ignore YouYou are more than welcome to reach out if you have any questions.

Depending on the condition of the property, you might not be able to use traditional financing and might need to look at some more creative financing strategies like private or hard money.

If you have not, great books to read are:• Rich Dad, Poor Dad• The Millionaire Next Door• Cash Flow Quadrant • Tax Free Wealth• Set For Life• Rental Property Investing• The Millionaire Real Estate Investor• The REAL Book of Real Estate• So Good They Can’t Ignore YouYou are more than welcome to reach out if you have any questions.

Looking at the next ones via traditional & BRRRR methods.