If it has something that the others don't, then perhaps.One option is to lower the price and have tenants pay for the water. 

The 100 hour rule is one of the material participation options. 

As long as you're able to qualify for conventional loans, this will likely be your best option.

Flipping contracts won’t exist - it will be replaced by “wholesaler” obtaining an OPTION to purchase at a set price and selling the option.3.

I’m particularly interested in house hacking as my first strategy.I’d love to understand more about what to look for in strong investment markets, practical tips for house hacking, and the financing options available for first-time buyers.

I've just closed on two turnkey deals in Memphis and so far it's been a good experience, so just weighing my next options and I think the BRRRR method will very likely increase my CoC return so just trying to build up some contacts should I decide to go that route as my next experiment. 

I see a lot of conversation about HELOCs and HELs - but not a whole lot about a second mortgage as a option to get started. 

To prepare, focus on saving for a strong down payment and maintaining a solid credit profile, as both are critical for competitive financing.If possible, look into FHA or conventional loan options for owner-occupied properties, which may offer favorable terms, especially for first-time buyers.

I was under the impression that bank statement loans are an option for self employed

I have analyzed the hold option prior to closing to make sure that if I decided to hold, this deal would cash flow.