I intend to do some flips and I am presently learning other techniques such as the BRRRR method and house hacking. 

Have you considered painted bead board as a cheap alternative for a back splash? 

If you would like to attend a seminar to help boost some general knowledge and words of encouragement and some technique about wholesaling you can attend Fortune Builders "Find and Flip" event.

@Joel Duguay - As already stated, the tax implications should be a non-issue on the sale of your primary residence.As an alternative to selling, you could also pull out a ton of equity with a HELOC and potentially have your cake and eat it too.  

Run your business using the principles ascribed on BP and, if ish hits the fan, have alternate means to weather the storm. 

This is why I highly recommend shopping for Realtors that can embrace the "new way of working" and offer alternatives that can set them apart from the rest while meeting the increasing demand from millennials (largest buying segment in the US).   

If you have 100k cash to invest there are a ton of other alternatives passive in nature with just as high or better overall IRR year over year.I looked at buying businesses before but unless you go big where business makes 200k and up profit it is hard to be passive and have layers of management in place for the cash flow stream.

Alternatively, I can lease the property and obtain a construction loan (much shorter term than a purchase of a building). 

Some insurance providers will accept Appraisal document as an alternative proof.Working with a Lender-Ask for the anticipated closing date so that you can use it as Coverage Start Date for insurance.

Please do not overwrite any existing recommendations that others have made, but feel free to add a comment if you have an alternate opinion.NE Oklahoma REI ResourcesThis is just a first-effort rough draft, so if you have suggestions for an alternate format, please comment below and we'll let the community decide.