i want to do renovations to my aunts home which is in poor condition due to neglect of normal maintenance for decades literally, in exchange for gaining title to this residence. it is in a very good zip code in Westland MI and includes a large lot and one half.

In addition to it-- go talk to the tenants,  tell them you want to upgrade it up ($200 is my normal).    

Right now, the current market value is probably at its peak and we'd make a solid profit (probably 20% more than the normal market value). 

Also save around 3 hours in my day and not have to wake up as early.

Some owners may have experienced higher than normal collection expenses due to non payment of rent.    

So you're saying normally I shouldn't have to keep paying the insurance after I renew my mortgage let's say after a 3 year term?

Would you wait for inflation to normalize?

If it's a normal lot, 2 cuts a month should not be 200$.

Interest rates are low, inflation is high and prices in most markets are expected to increase at a higher rate than normal over the next 1-3 years.

@Aaron Lane you are pretty much going through the normal growing pains of a flipper.