Here In San Diego,  some of My clients loan at 20%,4 points and 9.5% depending on the deal. down payment may go up to 30%, but my best guy stays at 9.5% which adter reading the thread I think is pretty good.

You will have to stay in one  of the units for at lease a year , but the great thing about this is you will the income from the 3 other units to hel pay down your expenses on that property

The way the politics are running in CT I would stay away if you can afford to.

We will perform any repairs based on our own experience and have a contractor on had for areas we do not feel comfortable doing.

If it stays on the market for a while, the prices tend to drop and the seller may be willing to accept a low ball offer.

It's ok if that's all that you want to do, but you'll need to be open to going outside your comfort zone if you want to do more than 2 or 3 flips a year.3.  

2) Would I be able to use a 203 for funding, then split the properties after the fact, assuming I'd stay in one of the townhouses for at least a year?

**I would recommend that you stay away from these programs in doing your rehabs.

It's a fine line between keeping equity down and staying safe in a fluctuating market.

Also, when you can comfortably do it, change the exterior door locks.