I was forced into a tight spot, my contractor left us hanging in the middle of a rehab.

Lending restrictions became VERY (ridiculously) tight in 06 and beyond and have not loosened to pre-06 levels.

If not, maybe consider adding a US citizen with good income/credit to the LLC as a member (make sure to update your articles of organization to be air-tight) and then they can sign the guarantee.

The area it’s located in is hipster-friendly with mostly 2 bed/1 bath bungalows built 75-100 years ago.We’re on a tight budget and think we can flip the house for cheap if we keep it 1bed/1bath and just do cosmetic updates, but is this a bad idea?

So money is tight.

How big are the rooms, do you want to rent to roommates or families, is there parking, how tight is the street, finishes and quality of the unit etc...

Crawling around, putting gel dabs in tight spaces is required. 

Yes, step 1 is frantically lining up all the contractors to get all of this stuff done by the deadline.

Just seems tight having 4 units not rented out of 9.  

Life is much easier when you run a tight ship.As for my biggest problems, they change regularly.