In my opinion, when an investor uses alphabet classifications, B class should be areas that are above median value, median income, primarily owner occupant and in financially stable areas.  38127 as an area is primarily below median value, income and primarily rental properties and definitely an area challenged for economic development.With that being said, houses in this area are not valued at $170,000 to begin with so expecting $170,000 in appreciation is not practical. 

I have a lot of time on my hands now and funds to last a good 5 months without a job/significant income, so I wouldn't mind taking just a little bit of time to get into something real estate related.

It was a foreclosure, owned by the Resolution Trust Corporation.

Deciding whether to sell or rent out your home hinges on financial factors like immediate cash needs versus long-term income goals, alongside market conditions in your area—favorable for selling if it's a seller's market or for renting if there's high demand for rentals. 

@Alison CromwellIn order to obtain a flip loan with no consistent income history, the following steps need to be undertaken: create an impressive credit score, put aside more funds as a down payment, check out new methods of getting funding besides what is available from banks or other financial institutions, involve yourself in investments with toughened entrepreneurs, show how financially sound you are by doing things such as getting enough money into savings over time through frugal living habits or accumulating valuable assets that can be readily converted into cash when required among others like developing several stable sources of income or steadily growing one.

Would a hard money loan be better without 2 years income or another way?

For example, if a client gives me the income and expenses on the rentals and it does not include mortgage interest, taxes, insurance or repairs, I have a follow-up question just to confirm that information is accurate.

Generally I look for median homes price & income levels close to good transportation & decent schools. 

With the partial garage conversion I'll have more living space than the house listed at 380k which is a bit outdated itself.As far as projected STR income airdna says this would produce 60k/yr.

To minimize audit risk, it’s advisable to choose “Other interest” instead of “Mortgage interest” when reporting.Part 2: Forms 1099-INT from Investors to Private LendersForms 1099-INT Explained: Similar to the interest earned on savings accounts, Form 1099-INT outlines the interest that must be included in taxable income.