Living closer to work saves time and money.

Strengthen Your ProposalDevelop a Business Plan: Include:Vision: Your goal of creating a micro-home community.Market Research: Show demand for affordable or small-footprint living in your area.Financial Projections: Break down costs, ARV, and anticipated ROI.Experience: Highlight your previous fix-and-flip and demonstrate your learning curve.Present a Solid Development Plan:What is the size and scope of the project?

I also suspect inflation will drive continued migration to lower cost of living / lower tax states.  

I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.

FHA 203k wont work unless youre going to live in the property as your primary.

I live in Nashville, TN.

4o Hi Monty, I Live 15 minutes from the freeport area with building and flipping experience.

Quote from @Rou Odab: Hello everyone,We bought this house, and we're living in it and renovating it.

However, I am thinking of having my parents who are retired living there part of the year and doing STR for the remainder of the time.

It very well could become a large enough investment to be worthwhile, also solving for "unexpected emergencies ", for the most part and would an easy self management situation if you were to live onsite in one of your connected townhomes.