There are renovation loans with conventional lenders that will give funds in draws, require a contractor to do the work, and have inspections along the way.  

Obtain home w traditional financing and put ~ 80-100K renovations.

We probably wont qualify/cant afford renovations 2.

How does it fit into the larger strategy?

Since they are larger, there will be fewer tiles to install.I do not think that Depot will bring the tiles inside.  

You spent a lot of time to purchase the home, renovate it, and then sell it.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

., we do the renovations and once the property is sold the profit would be split 50-50.

Right now I'm still " house hacking and living i the small unit and renting the larger to suppliment my income and allow me to pay down pricipal fast and save more for future investments.

It's an old home with good structure, and i'm just done with renovation and moved in a tenant.