The "slow flip" I am referring to was purchase the property in the traditional financing way and then live there while rehabbing and improving (adding bedrooms, getting the yards back in shape, updating finishes, building or adding shop space, etc.).

We are trying figure out the best way to address this issue. 

If you're considering BRRRR, the FHA 203(k) loan could work for bundled purchase and renovation, but it’s often simpler to use personal funds for lighter rehab projects.You could focus on properties with strong rental potential and manageable upgrades to increase value.

Please notice that on my post I did not disclose addresses or anything that shows the real property.

You just won’t have rent during the rehab period, you don’t need to deduct it from anything - just don’t plan on getting any.

That will pay off the remaining $360 mortgage and reimburse your rehab and closing costs.

I agree with the majority: the wisest move is to live in an affordable market where your dollar will go 3x as far.I didn't give any advice, I just laid out a viewpoint.To address your point, does it matter how much the PITI is, or how much the PITI is relative to the property income?

Some may give you owners address if different from the property, some may integrate with post card and yellow letter mailings. 

That being said, this is mainly doable for folks taking on cosmetic rehabs with great time management/construction management skills.

We just put them in a folder by address and date.