The plan: I am identifying on/off market properties that are targets, will do all of the real estate work (listing, showing, advertising, vetting, etc) and will split the cost of the purchase of the home and the material costs for any needed repairs.The contractor will be subbing out portions of the job and be on site mostly full time until the project is completed. 

I would draft a letter identifying yourself as a concerned neighbor.

Ideally, the tradesman identifies this and communicates it before they proceed.

My investment criteria never changed. it is harder to find deals that meet my criteria, so I have increased focus on identifying foreclosures where the price is often much lower than working with wholesalers?

Have you identified seasonality for your region? 

In those cases, the listing brokers are selling to their client list and end up on both sides.Smaller deals up to 30 or so may show up in Loopnet, Crexi, MLS, local commercial exchanges, etc. making it easier for buyer brokers to help identify properties. 

I'm really curious about your thought process in identifying "hackable" houses that also offer opportunities for value-add improvements.From what you've shared, it sounds like you're created a hybrid House Hacking/BRRRR strategy.

Quality absolutely matters in purchase transactions, and cheapest isnt alwasy best.Last point, a good lender will take time to understand your situation and goals and will work with you to identify a strategy and timeline using your available options.

I have read many DST PPM's and have come to conclusion the Sponsors are the only one that can reliably profit from these investment tools, whereas the investors can only trust their due diligence identified enough red-flags.

Typically you'll be dealing with older product - from my experience, the key to capping your downside risk is being able to identify plumbing issues.