The 203k is a great option if you are going to be living there and while what @Travis Sperr said is true about the loan amount it sounds more like the banker just doesn't have the product in his arsenal.  

This is what makes it a portfolio product.  

If you can put down 10k, consider a dIfferent loan product.3.

So what do you guys think, I don't want to be carrying another property for 30 years with an FHA and private money rehab, but would offering the finished product as lease option be an attractive exit to any of you guys?

I also recall seeing a guy with video on YouTube about it so you could search there and probably come up with some good stuff.

@Robert ShockleyWelcome to the site.This site has been a great revenue source for my business.If you stick with a marketing plan and have a quality product to offer money can be made here,What is it that you have to offer the members of the community?

I like to use smaller bushes, shrubs, or flowers in the front so that potential buyers can see more of my finished product on the first pass by.

A friend of mine who is quite a few years my senior and in his 60's signed up a year or so ago and loves it for managing his rentals.I am not a paid representative of the company - simply like the product that much. 

If I own Apple and some Apple product blows up in someones hand... that person could come directly to me as the owner and try to take everything I have if the business protections are not set in place as they should be.  

There are a lot of gotcha's with this type of product.