The loan contract remains between me (personally) and the lender.

Our goal, like so many others on this site, is to build a portfolio of passive income properties to supplement and ultimately replace our income so that we can live a more flexible life - we endeavor to do what we want, when we want, how we want.

Now this is my question...background I'm currently in the Army with about 5 years remaining.

Since I'm self-employed, I have some flexibility in time, but I was thinking of hooking up with a general contractor who will help me complete the rehab.The house that I'm thinking of purchasing is a row house in Philly, about 1,200 sq. ft., 2 floors plus a basement.  

Etc Etc Etc.Big banks only function for me when I have to put money into my JV partners accounts all over the country. for that we use Wells or BOA.. but only for those reasons.So at the end of the day and in this environment I can get bank financing at under 6% for all my deals.. and in my market here in Oregon many builders that got hurt have had to borrow hard money to build. so there holding cost are double or more than mine which creates flexibility with pricing and or more profit.. 

I also cannot stress the importance of being flexible and going to where the deals are and to what you "want".

. $90k x .85 = $76,500 - less repairs $25k= $51,000 - less acquisition $40k= $11k net profit.Consider the remaining profit you'll receive once this profit is split between partners and after taxes.I'm working on a similar deal right now and thinking that I will rent it out since the profit margin is only around $10k. 

Which tactic allows me the most flexibility regarding the personal use of the home?

So I am left with either waiting, doing it online, or finding a school with flexible hours.

The 50% remaining goes to debt service and then balance left is your actual cash flow.