After the loan was approved and we were able to look more in depth at the repairs needed, we were in much better shape than originally thought and the budget would be able to cover everything and possibly add a few more minimal repairs to the list.

I took the risk knowing I could always sell to minimize downside.

There's been debates on BP about those who have an annual bump vs those who keep rent stable to minimize vacancy. 

My costs are time/ad spend - when optimized, both costs are minimal. 

Capex/ repairs  is only for what’s absolutely necessary and turnover is fast and costs are very minimal for him .sometimes only a few days time  and not even Broom cleaned 

Is it realistic to find a house hack in that range, in that area that would require minimal/no work?

I have minimal background in business and focused most of my efforts into medical.

In general flippers shouldn't entertain FHA offers if you're trying to minimize the risks of additional/longer carrying costs. 

If you minimize the amount of cash out of pocket and cash invested in the house, you will increase your financing costs. 

Im holding a ton of doors in NC and Fl...and wanted to execute lease options..When it comes down to actually finding someone local in reality who is doing it as landlord and loves it and talks highly of it, with a duplicatable system, i have yet to find....i can only get resistance, discouragement, bad stories..Locals, ie, realtors, landlords, attorneys, prop mangers, on and on, all will speak negatively about it, and even against it, even though/if they have never done it..its not common practice here (jax) or NC..and misunderstood and seems to be judge to judge..in NC and Fl to decide how much headache and pain you'll be stuck with, when tenant goes bad..The 2nd worst case scenario you have to foreclose, not evict, because of tenant equitable interest, and 1st worst case you'll have to reimburse a tenent who has inflated repair-rehab made up invoices before a judge saying you have to reimburse them...these two scenarios are possible, real, and potentially devastating and i'm not sure how to avoid or minimize.