There are some additional things that could help determine which loan product is best for your situation.203k Best When:- Credit scores 680-720 or less- Renovation will improve the value of the home more than 75%- Renovations will be on or in the home - no new yard projects, only fixing existing- Higher Debt To Income (can get approval with up to 56.9% dti)HomeStyle Best When:- Purchase + Renovation costs will come in higher than FHA Limits- Home improvements will only improve vale 75% or less - 720+ credit or 20% down (of purchase price + reno cost) to avoid PMI- Exterior Projects (fence, hardscaping, pool, outdoor kitchen)- Lower Debt To Income (sometimes as high as 50%, many times between 45-50%)- Renovations that are greater than $35,000 (soon this will move up to $75,000)Happy to answer any other questions that you may have!

Do you have any tips or recommendations for achieving that? 

Let's Connect and I might be able to help//give you some tips.

Subdividing seems like the best route because you open up the potential buyer pool if you ever need to offload the properties or even a few of them.   

In concerns the improvement of the exterior or interior design, artificial turf provides a beautiful and minimal-invasive solution. But that is not the end of it as not all artificial grass is the same. It is therefor...

Thanks for the great tip on running numbers for MTR in case we have to pivot!  

If it were vacant, you would have a larger pool of buyers. 

Ideally looking for 4/5+ bedrooms w/pool.

My C class attracted a reckless tenant pool where in one case the person destroyed the property before he left. 

It'll still be mediocre wine in Fredericksburg and brown ocean water in Galveston, but there's a massive increase in the pool of people that can hop in the car and go for a weekend.