Looking for ideas on how I should think about structuring such an arrangement.Reventure has suggested that Connecticut is the best market in the country for investing in flips.

Then tenant who stays and refuses to pay the new rent leads you down a likely eviction path, then into a turnover.

You are on a great path.

I am meeting with my SEC attorney this week to make decisions as to path whether to seek private or a crowdfunding capital raise.  

And his books that I've read (Strait Path, Have it All, Limitless) are very informative.

Why not keep buying out-of-state in other areas of the country where properties are still relatively cheap but still appreciating a ton. 

i'd call a bunch more lenders and at least have one more appraisal done unless you truly feel you've exhausted the refinance path.

Yes the country Panama.

The city area is an obvious focus but there is hidden value in exploring the country.

It also seems to be more common in some areas of the country more than others (due to much older construction in the region, higher exposure to harsher climates, older electrical and plumbing running through the home, etc.).