We are looking at remodeling our kitchen and every single trade (paint, cabinet, flooring, counters) all have at least a 6 week lead time. 

Do keep in mind the tax consequences of a short term flip.

you're saying you would trade $200/mo in cash flow over $150k in equity over a 10-year period???

Very similar to asymmetric trades hedge funds look for but far superior in my opinion because it's based in an asset class we all know is superior...real estate ;)   

First, I'd take the nice road and explain the consequences of foreclosure (but you won't get a deficiency judgment from an installment contract) and give the borrower a pre printed letter asking you to consider taking a deed-in-lieu-of-foreclosure, if they send it back, you'll save time and money.

Which is usually a consequence when you increase the risk.

I like that sub trade.

be aware of the shortage of skilled workers in the construction trades.

Since you are bringing no money or experience to the game, the only asset you have to trade on is rock solid, 100% your word. 

I have mostly self-managed and am always looking for more referrals for any trades or property managers.