Comparing the live-in flip approach to refinancing, the former offers the potential for higher profits through sweat equity but demands significant time and effort for renovations and alternative living arrangements during the process.

There will be a rise of flat fee brokerages (offering limited services) and creative compensation arrangements, such as RE consultants for time or a specific transaction.

Given that the borrower had given us sufficient time to complete the loan processing and clear all title conditions, we were able to arrange the financing with one of our multi-family lenders at a rate that was actually lower than the prevailing rate when the borrower initially contacted us.

How did you find a landlord willing to accept this arrangement? 

Consulting with a real estate attorney or financial advisor experienced in such arrangements might provide valuable insights into making this deal happen smoothly.

Do you arrange accommodations for them?

@Chris Papa, if you're going to be investing with a partner, it's definitely money well spent to hire a good attorney to form your entity and draft your operating agreement or otherwise memorialize the economic arrangement between you and your partner.  

This will be hard if he intends to keep the property as he will not want to pay you full market price.The main point is that you need to make sure that both sides are comfortable with the arrangement up front. 

Lenders are still unfortunately tend to be very conservative on the rent-by-room (SRO) type arrangements still - its an area that really could use some better understanding out there but just be careful with expectations because a lot of the treatment of these properties (even if nothing like a old-fashioned "boarding house") can be tough

These groups frequently arrange events and offer resources to prospective investors.Think about enrolling in Houston real estate courses or programs.