Our main objective is to begin purchasing Hold Properties and buy more and more down the road.

My objective is to get cash out to finish up another property I currently own with no mortgage. 

Good question.The reason the most successful company in the country in this niche market can have atrocious pricing for the thing, without the atrocious price driving down production (normal supply/demand), and in fact with the higher pricing helping to drive business in a good way for the company (it means they can hire the best & most expensive 203k specialists - niche within a niche), is because you're going to at least FHA Streamline Refinance it approximately five seconds after the work is done, if not full blown refinance it into conventional.Consumers can "get what they pay for" up-front with the otherwise nightmare-ish 203k process going relatively smooth (focus on competence for stage #1 - temporary financing that doesn't blow up in your face half-way through), and then Streamline FHA Refinance it at the discount store the moment the work is done because Streamline gov't refinances are barely underwritten, often DTI isn't even calculated, no appraisal etc (so ignore competence when Streamline Refinancing a gov't loan, just chase rate, for stage #2 - the permanent financing).

I do not believe it would be illegal, but the IRS might object to the characterization of the loan as principal-only payments.  

I asked my contractor what he would do as he is also a landlord, but I see his advice as not completely objective as he is spending someone else's money by creating work for himself.I called one of the big PMs in the area and asked her if she would be willing to avail her skill set, and she gave us a price of $500 for the 3 units.  

I need to go way lower (under $110,000 per house) to get 1% a month (which is about a 9% cap rate, which is my investment objective). 

With Boise having a very hot retail market, I will have to learn how to find the best deals off-marketI grew up in Portland, still have family there and although things have changed a lot since I lived there (1997) I know the metro area enough to figure out where I want to invest.I'm the biggest "shiny object" chaser, and if I can't see results before the next shiny object, I get easily sidetracked. 

Ask a fire sprinkler specialist to walk the property with your inspector and framer simultaneously so they can interact and provide you the most comprehensive assessment to you.

I also have my own business as a credit repair specialist.

After 3 years of having and chasing the shinny objects in real estate, I'm finally focused on my home area which is Yonkers NY.