There is one locally here in the Chicago area, that i pay about $10/month (annual fee), and from that group I have networking and found contractors, private lenders, appraisers, traditional lenders. 

A couple of years back they even cancelled holiday lights traditionally displayed in a large local park.

I’d love to take advantage of a “traditional” mortgage (or even FHA?)

I, like Jarrett, work a non traditional schedule.

The idea is spreading, and could spread to some other spots here that have traditionally been STR friendly. 

As of lately, the traditional BRRRR is not working with the higher rates and low inventory as, others have mentioned. 

Just a follow up question, were you utilizing debt to invest, I have always been taught since a young age to try and not utilize debt (I come from a family of stock market investors, traditional business owners) where debt is not utilized as frequently which I obviously understand debt can be a very powerful tool and utilized in a great way its just something I want to avoid with my investments to an extent any suggestions for investing without debt or as little as possible. 

You will owe monthly payments until you fix the property up, rent it out, and refinance to a more traditional 30 year fixed rate product. 

.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

Traditional residential home loan.How did you add value to the deal?