Typically, you will get hit with 0.50-0.75% in rate to take the non-recourse option.  

In San Antonio, Texas, I can tell you that the minimum rate of return you should anticipate for your first single family home flip right now is around 20%. 

I just launched an app that helps real estate investors find homes in their area.

eg if you buy cheap flooring at Home Depot yourself, and have a handyman put it in, it will be less than if you have a GC do everything.do you have a network? 

You definitely want to check with your CPA, but in my state, if you lived in the home as a primary residence for 2 out of the last 5 years, you will not have to pay capital gains tax and can roll that equity into your next property.

But really, you need to talk to attorneys, brokers, potential investors (typically will be friends and family to start), lenders to get real world feedback on what you need to do.

@Fabian Escobar we typically advise clients to create a separate LLC (holding no assets) to act as management company for purposes of creating privity between that entity and the series LLC (which will hold the assets).

We also like to sit down with the current manager and go through everything related to how they are running the park (collecting rent, problem tenants, sales of homes, marketing efforts, recurring maintenance items, problem areas in the park infrastructure, etc)Compliance - this includes everything related to city, county, and state compliance to continue to run the property as a park.

A third party likely purchased that debt from the original lender (uncollectible by typical debt collector standards) for pennies on the dollar. 

I currently have 1 STR and am looking to expand my portfolio into multifamily and single family homes.