Purchase price: $103,000 Cash invested: $34,000 26% Cash on Cash return with a healthy 12 months rental.

I have a healthy RE portfolio but no experience with my subdivision project. 

So he sold most of his property and invested in syndications, dramatically reducing his workload while keeping healthy returns.You may want to investigate and learn from his experience.

They are two puzzle pieces that can work together to achieve your goals - healthy real time profits on the flips for the short term goals and stacking up a portfolio of rentals for the long term.

If I do tons of research and find the greatest market in the world where there are low days on market, healthy inventory levels, etc, but then I go out and overpay for a property, then that market research was a complete waste of time. 

We do this because she is very light-skinned and thus if the appraiser is biased, they see her and not me.

You will need some skin in the game on the first couple that you do.

They have some skin in the game at that point to help you succeed. 

Why would a sane person with a very healthy credit score want to do that?

So if you currently own a home that isn’t finance via FHA, then you can move into your new FHA loan covered home and then rent you current residence.There are a bunch of ways to skin this cat, I would start by talking to some of Jeff’s lender friends and tell them what you are trying to do and they will tell you if they have a product that works for that strategy.