If there is no solution other than "you take the risk", it seems this would be a death-toll to selling houses at auctions absent a huge bucket of cash to cover losses if they happen.  

The house is old and needs some work. 

Purchase price: $475,000 Cash invested: $50,000 Horse House Hack!

These are all things you need to do some homework on and figure out.In terms of BRR and flipping.Flipping makes you more money now.But BRR gives you the opportunity to invest, recoup your investment, have heavy depreciation tax write offs & build a portfolio which PAYS YOU IN YOUR SLEEP.You only have so much time to work, but the need for housing will consistently increase as our population is outpacing or supply of housing year after year.

In essence they want to lease your house, and then re-lease it to someone else for more money than you are leasing it to them for - keeping the difference for themselves.  

He told me he was going to not comp my house for my area but the city i stay in so many words.

House Inspectors. https://www.mrhouseinspectors.com/Yes, his last name is actually House...

I’m interested in house hacking as a potential solution.Should I:Keep saving and wait?

You also might want to change the "Houses for Sale" link on your website to read something else.  

And once the house is finished, you have multiple options for refinacing and selling the property.Let me know if you would like a term sheet for a construction loans, thanks, Dustin