With the right maintenance and upgrades you could sell it for a decent profit after.

Let's say you make 100k/year gross - you'd need 16-17 properties that pure cashflow (profit) $500/month.

Put the profit towards a new Primary residence and ~$50k towards a rental property.2) Rent it out and eat the cash flow loss, hoping rents increase.

I suspect most of these funds will be unwound not with bankruptcy but with severe haircuts for the LPs and break even or slight profit for the top dogs, and let's go heavy into RE courses and teach you how to get out of your paralysis type plays.  

Despite its high purchase price, the neighborhood's strong market demand and low renovation needs made it a promising investment for maximizing profit with minimal turnaround time.

e.g. is it possible for someone to lend $100k on a deal in exchange for, say 6% interest rate plus 10% share of profits?

Once the home is done we will be selling it off and splitting the net profit.  

You can be yourself, truly add value to the seller, streamline the transaction process, and often achieve greater profits.

With careful planning and a willingness to learn, house hacking can be a rewarding and profitable investment strategy.

Ask, "What can I build here, and how profitable will it be?"