If so, it really does open up your options as you would most benefit from a CPA who specializes in real estate.

What are the best sources of financing for this scenario? 

What would be my safest option here?

If I had been more aware of/presented as an option a furnished rental when I was 20-30 years old, I definitely would have taken it. 

I'm considering the wrap option so that this time frame could be extended and he could be free to go get a new car, house, etc... without this mortgage effecting his ability to finance.

but what you do all depends on what it is refrigerators waiting typically isn't an option.

I still have a long road of learning to do and would love to find helpful insights I might not find from the usual sources of information I read and listen to.

That being said, I would never just rent a property I bought sub2 but instead would sell it with lease option and get a downpayment (i.e. option consideration) which can be used when needed bad times.

Here's time & money an agent or PMC needs to spend to get a rental listed:1) Make sure it's clean2) Hopefully, take professional pics and just not use the camera-phone3) Take room sizes and note positives and negatives about the property4) Since most rentals aren't advertised on MLS, research multiple sources for rental comparables to determine rent.5) Write a GREAT ad for the property6) Syndicate or manually enter the ad on numerous websitesThen, once published for rent, how much time do you think they spend taking all the phone calls (most of them from idiots who don't take the time to read the ad), doing all the showings, chasing applications & supporting docs, processing applications?

We aim to start with flipping houses to build capital for more significant future investments.Currently, we are exploring the option of finding a partner who is a resident of Australia and has funds to invest with us.The high cost of properties in Sydney is challenging ($2M), so we are considering exploring a more distant but cheaper market.Is it a reasonable strategy for first-time investors?