Highest bidder wins, pays cash for the property, and then what you get is what you get.

And all the tools that are out there.Ive got close to 100k cash that I can use towards a down payment on a 1br,1b condo(which seems reasonable and easier to rent near me).

I found a 10 year loan term with light stream, but was hoping to get something in the 15-20 year range to improve cash flow.Thanks.

Not sure your area that you're investing in, but the perfect BRRRR are kind of hard to come by now in the recent years.. so have the expectations to leave some type of money in the deal..Big thing that I've ran into and I've seen other investors run into is running out of money doing the BRRRR.. as some or most times you have to leave a bit of money in the deal, folks usually run out of cash to continue to do deals.. especially in the recent years..But good news is.. as you're holding and cashflowing on the deals, there is always opportunity to recapture the equity, not to mention tax benefits etc..I also see some pitfalls in investors getting desparate for deals, so they get lenient on their number etc.. as they do i see some get backwards on some deals...

At least that way I can use some of the cash flow to save for a personal residence.Any advice/perspectives on how I should approach this?

It would only cash flow with a really large down payment.  

I am fine with a small cash flow of $100-$200.3.

Maybe you fix and flip a couple to generate the cash you need or cash out refinance from the properties you hold.

But you'll be cash flow negative for a while. 

I am not sure if this is the right place or not but I wanted some input into any obvious issues with my lease option offers to the tenant buyer that earns plenty of income but doesn't have the cash right now and wants to improve credit before purchasing but would like to lock in the price as our market is still struggling with inventory.