It's normal to feel a mix of excitement and nerves – it's all part of the journey.With your short-term rental in NY no longer an option, flipping could be a solid entry point to build up some capital for future ventures like buy-and-hold properties.Choosing the right market to start is key.

I figured I would come on here and ask folks on creative ways to utilize this alongside financing options to scale into the multi units space while not waiting another 4-6 year period to repeat the process.

Have you thought about Wholesaling using Privy as your source and EMD funding to help you scale faster using OPM? 

I got some useful info here, the reason I want to look at this option is to tackle larger deals without 20% down.

I've thought of 3 different approaches - 1. co-borrow...multiple parties on deed, entitled to % rent & depreciation based on investment, have "access" to property2. co-sign...multiple parties not on deed, negotiate % rent & depreciation based on investment, no legal access to property3. side-deal...parties gifts the down payment, operator must qualify for loan, all other details TBDAre there more approaches/options?

Any other good options here?

There are many options online that can help you calculate your ROI, but the formula is relatively simple:Total Cost to Invest (purchase price + rehab + any holding costs + commissions and closing costs on both sides of the transaction)Net Profit (sales price - total cost)Formula: Net profit / Total Cost = ROI %Also, not sure if you would like access to a spread sheet/calculator that can do this for you, but I have created my own. 

No money down options just aren't smart for beginners.

I sold this property on a lease option/contract for deed conversion and it now cash flows about $1,000/month after all expenses.

Plenty of options to pay someone down the line if you want