Family goals: We are a family of 4 (2 kids), living in CA.

I'm actually headed back to my hometown area of Chicago to find my first deal next week.

We knew the land and area were the valuable part when planning on building our cabins for short term rental.

@Lana Lee there are only two reasons for babysitting a PM: you are a micromanager or the PM is incapable of demonstrating their worth.

You area also going to get hit with 2.75 points and a 2 or 3 year prepayment penalty.My suggestion would be to take out a personal loan banks are offering personal loans now with no lien.

Finding a lender who offers less than 20% down for commercial properties, especially in areas like Gulf Shores, Alabama, can be challenging.Seller Financing: This can be a viable option if the seller is open to it.

That is a 100% return at purchase.Cap Rates are a metric used by commercial properties and completely irrelevant in SF.

We are looking to add flipping houses and have been diving into learning all about this area of real estate.Our main question is - why not use your own cash for flipping vs. financing?

Here are the details:If the owner lives there, it allow up to 5 unrelated people to live together.If the owner does not live there, it aAllow up to 5 unrelated people to live together only if they are a "non-profit housekeeping unit."

Since I'm not familiar with the area, looking for any info that will help me make the decision to purchase or not.