My main reasons for buying an investment property in Tampa:-Not ready to leave Denver right now, but want to move in the next 3-5 years so want to remain flexible via renting my personal house-Rental investment property would give me some passive income on the side while I save up renting and decide if/where I want to move-Tampa property is just cheaper overall so even if I have to put more down, mortgage payment will be lower-Honestly, part of it is also just “manifesting” moving to Tampa eventually  Trace

However, I would appreciate further clarification on what you mean by having a Plan B, C, and D.In my experience playing the BRRRR game on a smaller scale, typically with homes valued around $200,000, I have found that it can be challenging to generate significant monthly income, Instead, the focus is often on building a portfolio without having to make substantial out-of-pocket investments, which is indeed advantageous.

A reverse mortgage can be paid off, but the parents may have trouble obtaining financing as typically a reverse mortgage is received when borrowers have trouble making monthly payments and have little income but lots of equity.

The former is valued based on the income approach and the latter based on comps. 

Not for me, I wouldn't want to be forced to distribute 90% of taxable income  to shareholders.Private fund?

@Terri B.To increase your Cash on Cash return on investment, it may be beneficial to use debt to obtain income and asset appreciation with less cash expenditure.

.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!

Once you complete the property, you could then do a DSCR to pay off the initial fix-and-flip as then you will have the rental income to show for it.

There are different “classes” that have different incomes, emograohics, characteristics, etc.

If I had given them a loan with payments, it affects the debt to income ratio.