I'd recommend this strategy for a new investor vs. doing a HML on your first deal. 

I’d love to hear your thoughts on whether this approach makes sense or if there are other strategies you’d recommend to optimize profitability. 

Based on the fact that new construction is currently at a relatively low premium when compared to existing construction, I think this strategy might be a good option.

I have listened to a podcasts with other doctors talking about this, Anywhere else I can find info or advice or strategies on similar situations?

Be sure to include one of more exit strategies in your LLC documents.

Long-Term Appreciation & Exit Strategy•Kissimmee and Orlando have seen steady appreciation, and with your plan for forced appreciation through renovations, your investment should grow over time.

There's long-term money to be made on that strategy.

What are your goals and the strategies that you was to use?

The problem is, there's the giant water heater tank in the same corner that takes up quite literally a 1/2in too much space.

It literally takes 10+ hours for the washer seal to dry.