Though I am unsure how I would amortize the up front remodeling costs for P&L, tax accounting.2) Interest only loans term loans -  Would allow current owner to have cash flow on the property, without eroding the asset value. 

it can be a good market but no telling what insurance will be doing in the coming year there.

Easy to get, low cost out-of-pocket and some cases could easily make as much or close to as much as a teacher that takes years to learn, a truck driver, etc.. 

We're incorporating the prop taxes & POS costs into our overall calculations.

With record low inventory and sales transactions there's no low hanging fruit.In this market we think the best opportunities are value-add (BRRRR'ish), zoning changes allowing density (ADUs), or seller financing deals (buy a lower rate).

Heck no, you dont need a course or a guru.

These questions show that your prospect is no longer just listening; they are envisioning themselves in the deal.

Sometimes "sector" Private Money says they can close fast and maybe no appraisal.   

Since you're new, start by narrowing down a strategy—house hacking is a great way to get started with low upfront costs.

@Jason Sinclair, having a designer for a wife, I would answer that it really depends heavily on each house, the flow and usability of the spaces as they are, and the overall use of space in the house as a whole.That being said, while there may be a small shift towards more separated spaces, "open concept" is by no means dead, and in many markets, most people seem to still want to have connectivity between their communal spaces.In fact, my wife's current flip is a split level (although technically it is a split-foyer), and she is taking out a structural wall to connect the kitchen, dining and living areas.