Building a duplex or triplex for house hacking could be a solid investment strategy, especially considering the potential rental income and your ability to live in one of the units.

Rather just get a flat fee from a lawyer to write stuff up for me, or bet on an a la carte online medium to curate it for me. 

You could certainly "be in the right" regarding getting screwed over by the builder but this is a situation that is going to be very very risk for a hard money lender - typically stay away from unfinished rehabs/builds due to running out of money.Your best bet I would say is to find a local private money partner (maybe as more of an equity investor) or to try to finish one first and then re-evaluate, instead of trying to borrow for rehab on both

18% is pretty arbitrary without knowing the actual cost of the policy and therefore savings vs. potential repair costs.  

@David CozziYou may be able to do that.However, you have to consider the drawbacks of your stategy.You are converting a potential scenario where you have passive losses with no active income to passive losses with active income.

Look for areas with strong demand, potential for growth, and where you can comfortably invest.

The involvement of onsite management, often seen as a potential red flag, can lead to the property failing crucial qualification tests.

This knowledge is essential Assuming you source a good deal (with multiple potential exit strategies), I would then bring in a capital partner to fund the down payment or Property acquisition…and get some sort of sweat equity (depending on your experience and value brought to table) and then invest the $10,000 you do have into the deal itself to add your stake, add some skin to the game and align your interest with your capital partner.

Bet the house. 

It'd be great to not only share knowledge and experience with others here, but potentially find a business partner and pool resources.