In that case there is simply no progress being made, and no education the person is gaining that will ultimately allow them to work towards their investing goals.To your question about equity in a property to recycle sooner, I think the typical rehabbed TK property will likely not have significant equity to be able to cash out refi immediately to reinvest. 

Options 1 and 2 are your best bet.

12 month bank statement program seems like the best bet.

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

I bet a decent single-family home with a garage should bring in $1,600 on the low end, which means you are missing out on $12,000 a year!

It's a work in progress.

Listing them on Furnished Finder, Aribnb, VRBO and Zillow for 30+ day stays are likely your best bets.

I am willing to bet more than 80% of the people trying their "luck" at REI fail, miserably.This obviously tells you something truly is wrong with this niche/model!

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

This makes it a safer bet than unpredictable market investments.