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That strategy lets you make chunks of cash on each flip, which also gives you cash to buy your next flip, and then eventually you have enough money to buy a long term hold you can rent out for more passive income than flips.  

I actually am a huge fan of the hybrid MTR/STR strategy here in Austin

Engaging with others can provide new perspectives and strategies that you might not have considered.Remember, the key to thriving in real estate is continuous learning and building a strong network.

Interest only options would be ideal.Is there a better strategy that I’m not thinking of?

I would be the first to ask for this "advanced" type of tracking but I feel with out it you aren't treating these units as a business and are guessing.

Only choose one or two investment strategies to implement and learn as much as you can about them (picking multiple strategies will only lead to analysis paralysis and cause headaches, which will likely lead to no action taken).

If your goal is flipping esp, this is what the program is centered around (but all the other exit strategies as well). 

Heloc, cash out or any other strategies?

But it's enough to some out of business .