The tricky part can be figuring out how to divide up a property in these markets so that this strategy makes sense, especially if it's a single family, and not a traditional multi-family residence.

I'm originally from Scotland, worked in London for 6 years for a luxury online interior design platform before moving to the States and I've been in the Olympia area for almost a year now. 

@Nathan Vaughan There are many, many projects coming in San Diego that make use of the microunit ordinance - there are some big reasons they make more sense that traditional density bonuses, along with some important ways in which don't. 

With that said, he's never bought something this moldy and traditionally has just foregone insurance until the flip is complete. 

I think you’ll do better just using a software like myreipro or some other platform 

Traditional bank financing, 25% down.

This property is a cabin, but doesn't qualify for traditional lending, as it's a sort of tiny home /park model built on a chassis, however we would own the lot.The current owner states 2019 rents were about $10k (via VRBO, AirBnB, etc).

@Mercy Postema I assume you mean traditional lenders?

When refinancing with a traditional lender, I’m happy with anything in the 5-7% ballpark.

And if she was buying it with a traditional mortgage, then if it was me I'd want it structured similarly to a mortgage (meaning each month that I make a rent payment I would want some of that payment buying down the option price just as a portion of your payment on a mortgage buys down the principle owed).