Even short comments from professionals seem like much better alternatives than my deep contemplation.

Consider dividing investments between Colorado and Iowa, using low-down payment alternatives, and looking for properties that include ADUs or multifamily residences.

But not a bad alternative.

Have you considered land as an alternative to wholesaling houses? 

Alternatively you could do a smaller a cash out amount and a private agreement for installment payments to each party secured as a second lien post closing. 

When not 'full income' verification, which can even allow for high 55%+ DTI there are alternative income verification guidelines like bank statement, P&L, DSCR, Foreign National, Asset depletion, bridge and portfolio programs that allow expanded ways for borrowers to qualify. 

This opens you up to advance on your plan or pivot into an alternate path.  

The alternative is that we all pass on deals all the time that could have been.  

Are there alternative ways to do this that are more hands free for me but still effective? 

Perhaps emptying it so that it can attract an owner occupied buyer is a good alternative or hiring a PM company to off load some of the work there for you.