If you refinance out maybe 50% of the appraisal, I think you could get it approved as the banks risk is less.  

If you can point to a proven business model that is de-risked to a large degree with a sponsor team with a track record of success operating together on the product type you're presenting this is a lot different risk/value proposition than if either the product type is new to you, the product type is new or a hybrid, or your team is new.  

Flipping is probably more risky if you don't know what your doing.

My dad has an investment property that he purchased about 5 years ago with the intent of flipping. Long story short, it took years to get permits and approvals and the house is just being sold as is. It’s been a while...

The risk is higher when it's not a 1% rule property.I wrote an article about this deal specifically if you want more details on how I calculated these numbers.

Estimating costs without doing a thorough inspection is pretty risky.

When they say the risk is higher because Landlords fail to screen or enforce rules, I agree and it's something I share with Landlords all the time.

It is too risky to look at island-wide or state-wide metrics.We're still seeing strong metrics for properties in the $700k to $1.5m range on Oahu. 

I have plenty of cards to put funds on but that's always risky considering this will be my first BRRRR attempt.

I wouldn't pay for such a group, either, unless it had a very, very compelling value proposition.