Same thing I still do  BRRRR method  Buy a SFR - 200k < and pay 15% down using a RENO construction loan Use the extra Funds to pay for first round of materials ( 30k or so )and Labor (20k ) and then request your "draws" to recoup your funds.  

But the risk caused by this, is that the safety cushion is reduced or completely eliminated, and a small problem can cause a catastrophic default on the debt.So, many of these aggressively structured deals have been heavily distressed.

Client reduced price and using Direct IRA financing.

The finished product and getting the rewards from the fruit of the labor is way down the line.

Just focusing on reducing debt , I tutor chemistry which has been helping with finances.

Increase earnings, reduce expenses, save, and invest.

Beyond that, you need to become an expert on labor and material rates in your area or get connected with someone else that is. 

Owner-occupying a small multi-family property is a smart move—you're reducing your own housing costs while building equity and generating rental income.

The investors accepted it.  3 months later the buyer tried to reduce the purchase price to $2.6M to stiff arm the investors. 

House hacking with two children can be tougher than expected because you will always need to take a larger or the largest unit which will reduce your cash flow on the property even more.