Regardless of the type of financing - owner occupied using an FHA loan or investment property using traditional financing - the appraiser will use the income approach as the primary valuation model.

However, I see many investors discussing the strategy of purchasing with a 203(k) only to refinance as quickly as possible into a traditional mortgage.

I recently took an early distribution of funds from a traditional IRA to use towards the down payment for a second - home mortgage. 

So...Start by being broke.Go to a "get rich flipping real estate with $0 money down" seminar.

I cannot get traditional funding due to short credit history and short employment history.

RhoineyIf you’re comparing rentals vs notes or notes vs any other traditional RE investment for that matter, I am assuming you’re taking a more passive approach.

It sounds like a better option for my purposes would be to roll into a traditional account that allows loans without a penalty for early payoff, thereby avoiding tax withholding and penalties. 

Any traditional product or commercial loan is going to want to see income.I own properties in that range and you can get financing.

The primary hurtle right now is permits aren't allowed in traditional residential zoning.

I am considering creating an s corp or llc for the property to utilize the limited liability and tax benefits, but I'm not sure if that would be better than a traditional house hack.I've been researching various options for a couple months and gathering information from the above sources but I wanted to get another opinion on my options.Any insight would be greatly appreciated.Thank you,Monty B.