Waiting for equity build up and appreciation and then cash out refi to buy a few more homes is a possibility but that may take quite a while.Increases in value come from only two sources: passive market forces (appreciation), and; changes to the dwelling that you actively make that then allow market forces to affect the property differently than doing nothing would have done.You do not want to take active steps (rehabbing is an active step).

To further clarify:The RS-3 Zone allows for 1 and 2 unit residential buildings; and requires 2,500 sq.ft. of lot area per residential unit (with some exceptions).

The seller technically hasn't sold it and you get control of the property to prepare it for the purchase allowing them to step into their 1031x. 

Biggest thing to keep in mind is a lot of programs and lenders do not allow for a property to be titled into an LLC.You can use a DSCR or Bank Portfolio loan those both allow for a an LLC to either close in an LLC or you can "Quit Claim" it after you close. 

Yes, you can use a DSCR loan not all lenders allow it but its done under a Non/QM program.

Most NON-QM lenders will allow for a 20% down payment for investors on 2-4 unit properties, as Conventional financing is 25% down for 2-4 unit properties. 

People have very strong feelings when it comes to allowing pets but guests in the midterm space more often than not travel with pets.

Active means the flipper allows you to be part of the entire experience (from a management perspective); i.e. riding shotgun.

What is the real requirement to liquidate assets, i.e. markieting a 3 yr hold, but docs give rights to hold 10 years and even then, allow for GP to market under best market conditions, at their discretion?

I rented out 2 of the 4 rooms which allowed me to bring in more than the cost of the mortgage.