For me it is an in between of flipping and holding That sounds like a great blend of the two! 

If you don't intend to blend strategies to hedge risk then you're probably considering a private equity fund with a stated purpose/goal.Operating agreements in funds that take in dollars from passive investors are much more complicated than agreements for single-purpose transactions and they need to be crafted by a securities attorney who specializes in this type of law.

I have 4 young kids age 4,5,6,7 (blended family, two are mine and two are my significant others) so I like the flexibility to be able to jump on the study modules when I have time.

I have the same one in my own house - originally because it blends well with my solar hot water heating system, although now I also take a loop off through a little plate frame heat exchanger to make 'boiler water' to heat my second floor.I didn't like buying the SS stack pipe so my next tankless will be a condensing Navien.

Do you guys just pick the top 3-5 properties according to "Redfin's special blend", or do you do things a little bit differently?

IMO the contracting piece is where you end up having the 203k process be a hit or miss situation as many are not familiar with how to work with these lenders to make this process as seamless as it can be

Like @David Hurt mentioned...put in pocket change and have seen around 5.9% return on a blend of loans (focused more on A & B loans, with a minor blend of C & D) using the automatic investing option.  

I'm sure your accountant background will be the perfect blend with REI once you decide to make your move. 

I dont want mine to blend in with the rest of the manilla folders3.

They usually have eithe in-house prop management or relationships with prop managers, so it can be a really seamless system.