These products are suitable for holding property long-term because they eliminate the interest rate and refinancing risk for other types of money.

Maybe might want to find a market that is suitable for your budget etc.

@Wade Guy, If your intent is to reinvest anyway it all comes down to whether you can find suitable replacements at the right price.  

Additionally, do you think that these places are more suitable for "long distance management". 

Andre Harris Wilkinsburg and homewood are suitable for rental only.

There is a conventional investor rehab program that does allow for up to 80 ARV, allows for a 10% advance on rehab funds, etc. that might be suitable for this project.Regards,Scott Miller

The greater the risk always leads to the potential of the greater reward.Simply a matter of choosing your most suitable option.

As a strategy, so long as the total spend (purchase + rehab) results in positive cash flow even when ALL of those dollars are (able to be) re-borrowed at the Refi stage, then it's a suitable BRRRR candidate.Maybe you don't have to think of it as "capital improvement", but just: rehabbing it back to ARV standard?

I then learned that my plan was not suitable because saving my way to financial independence will take forever!...

If the answer is "No" keeping looking for a more suitable agent.