The low initial cost and the experience.

I saw a house in a nice neighborhood that looks kind of outdated. Upon looking through its windows, it even seems it’s vacant. What are the steps folks have succeeded with in meeting the owner and then finding out whe...

I tried using a big name lender initially but that turned out to be a headache and cause problems.

My principle in this scenario would be $6K.Cumulative cash flow - Total cash flow for this time period (Total Income minus total expenses, including PITI)Debt paydown - Initial debt balance at purchase minus current debt balanceMarket appreciation - an increase in appraised value without extensive rehab. 

I assume trying to do them all at once would be a nightmare as they would each be trying to verifying the mortgage standings on the others.

Initially we wanted to invest in small multifamily properties, but happened on this property first.

., initially unequal co-ownership but where you could buy back X% over time until you get to 50-50, or something else entirely).Seller financing, as @Dennis M. said, is another great creative strategy, it's a variation on the partner theme, except the "partner" is debt partnering with the former owner.

Initially, when applying for our HELOC, our home was appraised at $235,000.

We are hoping to purchase a mobile home park as our initial investment. 

If you are doing the BRRRR method, is it recommended to purchase the property initially with a conventional mortgage or to borrow from a hard money lender?