But this is a logistical and bookkeeping nightmare.

The Fannie limits permit it, and the resource provided by Stephen is the right one.However, logistically - this will be a nightmare.  

These numbers are pretty spot on and a situation I am about to jump in on, however I don't understand the logistics of the refinancing piece.Say I offer to  buy a SFH for $584,000 in Boston, MA (Suffolk County) with an FHA 203K Streamline Renovation Loan (3.5% down); I put in the max of $35,000 in renovations, for a total of $619,000 into the property less the down payment (3.5% = $21,665) puts me at a base loan amount of $597,236 (just under the $598,000 max FHA loan for a SFH in Suffolk County).

I would like to have a property manager handle most of the logistics.  

I’m just unsure of the logistics with paying off the contract for deed before reselling, if this is even possible.

I can't speak to the timeline or exact logistics, but check that out:) 

From a logistical standpoint, the west side is isolated a lot more so than Kihei.

Asking Price: $295,000Gross Scheduled Rent: $117,312 currently rented 15/16 unitsExpenses: $52,500Vacancy allowance of 2/16 units: $14,664NOI: $50,148Debt Service on full asking price: $23,552Projected Cash Flow: $138 / doorWe are not sure of the logistics of trying to obtain this property with no money down.

My instincts say to not let the deal grow cold due to logistics so I'm inclined to get in there size up the property and make an informed offer.

My goal is to network, continue learning and analyze deals to find my first investment property.I have a full time job in the transportation and logistics industry.