You'll STILL (always) have to live in a non-income producing personal residence. 

I came to overwhelmed with the volume I was producing.

You will likely need to find a private lender to fund this deal.Also, since the property is vacant and not producing income, you will not qualify for permanent financing.

Flipping is Sales, but, repetative sales are like Buy and Hold Rentals that produce Monthly Cash Flow.

In our market you can produce at $ 400 - $ 450 cash flow per month with existing mortgage. 

That takes desperate to a new level and that isn’t healthy.

We have one property that has a history of producing a lot of cash, so we are able to pay out the entire preferred return in the first two quarters, and then start participating ourselves in the third quarter.  

DF/W is such a healthy area I think  quality opportunities should be available.

Different people have a variety of endstates for their capital which in turn produce contrasting goals and metrics.With return metrics the why behind them is much more important than the number themselves.

The property could certainly go up in value $200k to $300k, and I would also have the potential of renting it as income producing property.