Also, regarding the financing aspect - what is the most effective and efficient way to go about it?

However, I want to make sure I use the funds accordingly along with effectively make payments back and flipping properties at the same time.

Then I'd likely try to live in the MIL but rent out the rest of the house (rent out 80% of the house in effect).Here's my question:My client would prefer to give me a lodging reimbursement or stipend regardless  (e.g., $1000/month), even if I was staying in a place I owned, as that scenario is much cheaper for them than reimbursing my hotels.  

I was under the impression that if a house was $500k and you brought in $300k of your own cash, you could get a high interest hard money loan for $200k to allow you to effectively purchase the property for $500k cash.

Learn real estate first, not how to deal in real estate, then learn finance and broaden your knowledge in related areas that effect real estate transactions, like business law.

There are also smaller scale meetups available on meetup.comHere are some great books that I have read and have provided some great insight not only in Real Estate, but also in life.Ultimate Beginner’s Guide – Here on BiggerPockers under “Education” then “Guide”Millionaire Real Estate Investor- Gary KellerRich Dad Poor Dad- Robert KiyosakiReal Estate Advantages– Sharon Lechter and Garrett SuttonThe ABCs of Real Estate Investing– Ken McElroyThink and Grow Rich– Napoleon HillThe Seven Habits of Highly Effective People– Stephen CoveyHow to Win Friends and Influence People– Dale CarnegieE-Myth- Michael E.

@Karen MoysiIn OH there is an awesome law for Sellers on Land Contract:The seller can try to evict you if the contract has been in effect for less than five years and you have paid less than 20 percent of the purchase price.

I used to work construction and understand things happen, but they had poor communication and customer service, and I found I had to always be on the phone with them to ensure the project was getting done.

However credit score may effect the interest rate which you receive on this loan.

@Walter Purdy The most important thing I look for with lenders is there level of communication with me.