"Flipping" implies that your primary intent when purchasing the property was to resell it.  

Also, I like to point out that I did not try to imply anything about you or your project but as a lender I always analyze for worst case scenario.Good luck with you project,George

She seems to be a good trainer?  

Over 12 years ago in a real estate training class to get licensed and go take the test the head broker and trainer told me this one simple thing.Take care of people and be genuine and the money will follow.From the beginning I have put helping people first.

@Richard Roberts - You saw implied in the film The Big Short that mortgage originators got bonuses and the like for putting people in crappier (for the borrower) loans.

That sort of implies missing the point.Moral of the story, I would tell you that you are looking at this deal all wrong.  

I certainly didn't mean to imply that anyone else beyond myself has not figured it out, and you're right that sitting out an inning while preparing for the next is a worthy strategy...

As new teants, if they complain about something and get money back you are setting a precedent for the tenant that implies "If I complain, I can get money back." 

In such a situation I'd be looking first at selling the place immediately to walk with the profit, but that wasn't the OP's implied question.

You really don't need to be that creative - you just have to be paying attention, call on, and be ready to view properties as they hit the market - yes the same day. i don't mean to imply that it is easy - because it is not - it takes time.