In a market like this you will get in the way of obvious appreciation.Then you can look for a deal that cash flows in your favorite market market. 

This approach does not work on every deal, but if they are doing 1 out of 3-5 deals like this, it really helps the fix & flipper to develop long term wealth, rather than just chasing the next deal for chunks of money. 

If local sales support the new value then you should not have to deal with the seasoning requirement.

I’d appreciate any guidance or tips to get started on the right path.

Sometimes a deal looks great because the investor doesn't add management costs of either money or the time that it will take to manage the property. 

@Enrique Toledo  Any update on this potential deal and what you wound up doing?

Most deals are 506B which accept non accredited

I currently own 10 doors, and always looking for more, when the deal makes sense.  

What made you interested in investing in this type of deal?

Without a deep understanding of these elements, can you underwrite a deal via an algorithm ?