Markets Chang and multi-family prpty are financed differently than single-family.  

As to a balloon payment here is what that basically means: you pay x dollars for x years and at a specified time any remaining balance is due in full as a single payment.

Depending on permitting, construction time and market conditions it could take you 5-6 years to get out of that single investment. 

We took the money we saved and bought a single family house that we thought we were years away from.

Also I am specifically interested in flipping and rehabbing single family homes!

How many unrelated people can live in a single-family home in Orem?

Having good relationships with the major brokers in the area helps you cut through the BS in their OMs as they will have more candor with active buyers and closers and people they have a relationship with than a single transaction seller.

I live in Santa Barbara and I'm looking for multi family deals or possibly a single family rehab project.

I'm super excited

Prove that you can do it with super side hustle with the time you have on the side.