If they seem agreeable and friendly, cash for keys is a tried and true strategy.

OOS rehab with a large job for part time investors like us without scale is the riskiest and hardest strategy discussed on BP. 

HiAfter finding this as one of the alternative 1031s on @Dave Foster pdf overview I am thinking it’s a strategy I can look to rather than finding a ready-2-rent property to buy.

Figure out what type of strategy you want to do , ie - house hack, brrrrr, wholesale, seller finance, etc If you have any follow up questions tag me in a reply or shoot me a PM 

https://www.zillow.com/homedetails/1754-Chico-St-San-Diego-C...
They buy this 1/16/24 for $1.6M and immediately put it up for rent at $5.5k.

It's nice when it does, sure, but in most cases it takes years of saving and investing LOTS OF YOUR OWN MONEY to start.Once you have some cash in the game there's plenty of stuff you can do to generate more money, like BRRRR, selling properties that have appreciated, more targeted flips done with your money to raise more money, working with hard-money lenders using your real estate as security, and the list gets longer and longer the more properties you have and the more experienced you become.But the number of people who get into this at first through wholesaling and flipping and successfully make money at these two no-money-down strategies, enough to move on to buying investment properties with the cash their business generates, is really quite small in most markets.

Base info: Purchase price: 730k newly constructed town houseOption 1. 30 year fixed, no PMI, Interest 6.875%, total closing cost 92k with 10% down, monthly payment $5000Option 2. 30 year FHA, Interest 5.5%, total closing cost 89k with 10% down, monthly payment $4700Option 3. 40/15 year balloon, no PMI, interest 6.625%, total closing cost 47k with 5% (max) down, monthly payment $4700Option 4. 30 year fixed, Interest 6.5%, total closing cost 85k with 10% down, monthly payment $5000My strategy is to reside in this property with roommates for 1-2 years and then renting out the entire property once I purchase another one.

We have entered "tax abatement" deals into our strategy, which greatly reduces expenses and increase NOI and cash flow.

Like, if you wanted to do a 50-50 JV within an LLC where one guarantor has a better FICO and the other has more experience, there are some means where that would be beneficial.There are some lenders that actually only lend to LLCs (or some kind of business entities), but it does really depend on what you are going after and your general growth strategy how you would want to go about it.

Solid strategy.