So focus on adequately covering your risk first, then deal with minimizing cost for that strucutre and how it's factored into your GC's rates & quote.  

I’d recommend setting up group showings to minimize time spent showing the unit and lessen the pain of a no-show.

Maintenance 'should'  be minimal.

I like cozy.The payment delay is not an issue for me.No different than the time it would take me to get my a$$ to the bank to deposit paper checks + the 2 day hold the bank uses before the cash is available.

Also incentives to the owner of $500 a month for 8 months to allow the full payment be delayed until rehab is complete and appraisal can be done afterwards.

I was initially worried that this might delay my project but things look good rehab wise as of now!

.* There are some strategies to minimize this.

This is why the cash flow would be minimal on each property because they’d be mortgaged, but also why I could acquire multiple properties in a short time. 

.- Educate yourself and house-hack to start small, and learn all phases of investing while minimizing the risk- Find a partner with experience who will let you follow them through a deal to learn for freeHope this helps

I intend to purchase the house and have my father continue to live there and minimally cover all the costs.