If you have equity and decent credit, a conventional Fannie Mae HomeStyle (or the Freddie Mac version) would likely be the better option instead of an FHA 203k loan (which will require a 3rd party HUD consultant to oversee the deal in addition to having the contractor involved). 

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

That means 500 calls a day finding motivated discount sellers.Probably other positions too, but that's a start.Are you getting any good finds on the house hack? 

They were all equity syndications except the one that has continued through the years and guess what it is a debt fund (not an equity syndication).

You want to figure out how much you’r truly making on that $350k give or take in equity.

I use a point system for screening; applicants get positive points for positive aspects, lose points for negative aspects, and I have a point threshold for each property. 

Equity Trust is who her mastermind group recommends.

Quote from @Tiarra Delaney: Quote from @Wale Lawal: @Tiarra DelaneyYou're in a strong position to grow, and focusing on cash flow and equity will guide your decisions.

Who is to say my dollar equals how many equity shares?

A typical BRRRR in DC creates $200k in equity.