- What types of properties are better for cash flow?

Even had him pay his friends who would help so he understood people better.  

My best advice is the manage the debt better on property #2(as in recast this), evaluate rent appreciation on #1 and depending on income if you do buy a primary-- you better pay cash.

You’re better off just putting the $500k in a cd and getting paid $2k/mo in interest and spending $100 of that on insurance. 

Additionally, explore alternative financing options or strategies that may better align with your long-term investment strategy.If you decide to pursue a hard money loan, research local hard money lenders in Virginia, and consider reaching out to multiple lenders to compare terms and rates.

This property couldn't have a better location and its charm was evident.

You'll get better price points on a distressed properties without the competition.  2.

If I were you, I would stick to the better situated markets and if the flip model is not working, focus on different strategies until you can make it work with necessary margin (especially on your first project where there will be a learning curve).

But you can't assume that people who do those tasks required in living are marketable skills.There are better ways to assess ones integrity than their receiving some benefit.

(Better late than never, full disclosure I was working in Congress at this time).So, unlike the 2008 Great Financial Crisis, today we don’t have high homeowner distress, which result in distressed sales and home price cliff dives.