The CA notes were 12% with not much risk so at least that amount. 

Hey David, the best metrics depend on your investment goals, risk tolerance, and market conditions.

This is not something I would take a risk on, but maybe others would.

@Karl Kauper, There are several ways to mitigage (but not remove entirely) the angst and risk of those tight timelines.1.  

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

If you have equity and decent credit, a conventional Fannie Mae HomeStyle (or the Freddie Mac version) would likely be the better option instead of an FHA 203k loan (which will require a 3rd party HUD consultant to oversee the deal in addition to having the contractor involved). 

That complicates enough I'd consult with an entity/asset protection pro.I don't hold residential assets in LLCs unless partners got involved. 

Additionally, there's growing interest in cryptocurrency as an alternative asset class, though it comes with higher volatility and risk.

There are some people that get lucky and earn cash quickly, but they generally hide the fact that it was pure luck or how much work was involved.

It  depends on your risk tolerance and what other assets you’d like to protect.