I do not for any second think he is advocating excessive risk.  

@Jacqueline PelzerWhat you propose as joint ventures between your IRA and yourself is doable, but does create risk exposure.  

My insurance carrier is dropping me due to my change in focus and the extra exposure flipping properties apparently incurs.

There is so much excess demand that they can easily charge individual investors slightly lower rates and they would happily pay.

-JordanThe laminate from Lumber Liquidators should be avoided; they have been in the news about this problem of the offshore manufacturers producing laminate flooring products with excessive levels of formaldehyde. 

Am I allowed to say any excessive noise (parties, loud garden tools, etc) are restricted from 8 am to midnight?

That would give you both practice with your pitch and exposure to large groups at one time.

If it's a mom and pop tenant, I wouldn't except a very long term lease in excess of 3 or 5 years.

It is in the best interests then, to get repairs completed quickly, to minimize the cost of additional damage caused due to neglect, exposure to elements, etc.Basically, you have to decide how involved you want to be in the complex. 

The long term goal is to use the cash from flipping to build a portfolio of rental properties, and minimizing our leverage exposure (i.e. flip profits pay off rental property mortgages as quickly as possible).