I think the before vs after pictures really speak primarily to your experience and ability to execute a project so it can help lenders gain comfort with future projects and allow you demonstrate what level of detail you except out of your contractors.

This might give a one-time (non-scalable) boost to cash flow, offer multiple value-add options, and allow the house-hacker peace of mind, via the assumed mortgage, in long-term breakeven or positive cash flow in the event that the value-add plans end up not being executed, and/or the person has to move out, and rent by the room or STR become unavailable for some reason at a future date.

The main condition was I had to have the downpayment (20%) first, close the deal, and then execute the owner financed 2nd mortgage. 

This deal highlights the power of well-executed renovations and a strong partnership in achieving impressive profits.

I don't understand why  OP wouldn't just  either execute the plan as layed out, or.....just flip em or keep them and rent.

I was racked with guilt that I had committed to do something and wasn’t able to execute in the way I had promised.

Partner Driven financed the Main St deal by covering 100% of the $20,000 purchase price and $45,000 renovation budget, ensuring Amanda Frecks could focus entirely on project execution without the stress of upfront expenses.

Or, say at end of term buyer-tenant can't execute on option.

I would be less concerned about the cheapest money and more concerned about decent terms and execution.

Quote from @Ben Howard: Quote from @Alan F.:  Thanks Jay, theres still alot of slab on grade mcmansion going up from folsom t ok elk grove along grant line road....I mean alot!