I've worked with investors that have rolled out shipping container short term rentals and they're very popular! 

@Qais Attarwala I visit all my properties weekly to make sure there is no trash on them and that I’m being a good neighbor.

I agree with this high level (Private Money = Individual, Hard Money = Company Non-Turnkey Product).I've been begging (mostly to no avail) for better clarity and definitions here for these to avoid confusion - BiggerPockets IMO has a HUGE opportunity to set and create the "gold standard" universal definitions of loan types with just a little initiative. 

No. 

The licensee has no choice but to only use TREC contracts. 

Hello,I have a preapproval for 3% down payment conventional loan, as I own no property.Haven't found a house I like, I wanna be patient looking for my to live-in house, but I still wanna get a rental property where income covers all costs while looking for my own house.My question is, can I get a normal 20% down conventional loan for the rental, and then later I get a conventional 3% down loan for my house?

No one wins.

I found a few streets that were no goes (Chelsea was a bit rough).

Figure out where *you* want to live when you retire, then work backwards from there.

I’m based in Austin, TX, but I’ve worked with real estate investors across North America, including a few from Canada including a few from Calgary.