Again, not a legal requirement as much as a good practice.

Investing is a great way to build on generational wealth, you will be required to take risks.

Yes they require a deposit.

Everything required on a 203k is how every construction project should be handled.

Asking is $1M-current loan is $650k)The sellers want to avoid carrying the balance $350k balance, even though the simplest thing is if I could make amortized payments on the balance.

@Eric Le Yes that would be a solid investment, I like that FHA and 203k loans only require 3.5% down.

Am I required to issue a 1099 to my friend for his labor?

Most lenders will require 3-6 months title seasoning on a cash out refi with a DSCR loan.

Everyone has a different opinion, but I would say avoid them if you can. 

Real Estate Wholetailing: Close on a property and immediately list it on the MLS to sell at a profit.Owner Financing: Help the seller avoid capital gains taxes and give them a consistent passive stream of income without having to manage the property.While these strategies offer various avenues for real estate investment, thorough research, due diligence, and professional guidance remain crucial for success.