FHA has expensive upfront MIP, then permanent MIP for life of loan -- you have to refinance to get it removed.  

I would handle the renovation, the marketing, the screening, and the property management -they would have to do nothingThe plan is to refinance into a permanent loan after the renovation is completed and when I refinance I am going to put it into an LLC.

Lord willing, my family is going to buy a SFH on an FHA 203K with the intention of rehabbing, owner occupying for 6-12 months, refinancing out of the FHA, moving into another place, renting out the rehabbed SFH to students, pulling equity out and Utilizing another FHA203k for a permanent place for my family.

Lord willing, my family is going to buy a SFH on an FHA 203K with the intention of rehabbing, owner occupying for 6-12 months, refinancing out of the FHA, moving into another place, renting out the rehabbed SFH to students, pulling equity out and Utilizing another FHA203k for a permanent place for my family.

Normally i wouldn't consider this, but recently one of the kids balls fell into the pipes causing a sewage backup into the house, permanently damaging my original hardwood floors.

In this case, it's a cousin who's moving over seas permanently. 

Because we are in such a high priced market I’m interested in the idea if a construction to permanent deal building new multi-family homes.

I also manage several STR units in the city and now live in the city permanently.. definitely opportunities if done right its getting a lil saturated there is over 100 new airbnbs in the city this year and I'm sure plenty more on the way but AC is definitely trending in a great direction the Bart Blatstein project will be a big positive as well.

2) I'm working to get another bid or two but how does this price ($750) sound from your experience to unclog it / fix it more permanently?

A construction loan is a short-term bridge loan that you must replace with more permanent financing.