There are some markets/small town in California still cash flow with short term rentals essentially if you can self manage and/or can do an owner occupied hosted rental.3) Stay put & sell the condo in the future to get a duplex that you can do a live in flip and house hacking one unit. 

I would just follow David Greene's method in his book on the topic: https://www.amazon.com/Buy-Rehab-Rent-Refinance-Repeat/dp/B0...Or could you check out my video on the topic which in my biased opinion is pretty good: 

I would probably say 506b operators are more experienced as 506c operators can advertise and that’s the guru / marketing route of operators with no experience - let me just whip of some videos and market this thing and figure it out.506b needs the relationships as they cannot advertiseNow as a GP I prefer 506c over b all day long, but as I mentioned above- I agree that no correlation

The difficulty in this strategy is getting the numbers to work at essentially 100% financing.

After another break in, I’m looking for up-to-date info regarding video surveillance during rehabs.

I'm essentially investing in one house per quarter.

use stuff like these for 10 days https://www.amazon.com/Diffuser-Homeweeks-Colorful-Essential...

The heads-up is much appreciated, will have to dive into their videos online as well, once I make the switch. 

If you can't see the property in person, pay an experienced local investor $100 or so (someone unbiased, not your agent or turnkey company) to walk it and do a detailed video tour. 

Since banks can earn this yield with essentially zero risk, other alternatives (with risk) would need to provide higher returns.