Again, I made this list based on my own experiences.Two important things to remember.

I know there are loans that consider rental income in order to qualify (credit is good).

There's a question at the bottom: "What information must I provide in order to obtain my most recent I-94, travel history, or compliance check, or to apply for a provisional I-94?"

If the note is made so the client is the payee, that is constructive receipt of the money. 

I think you may have very well narrowed down my strategy choices down to one of three; the BRRRR method (although this might be too much to start with for a newbie), the live-in flip that you mentioned (probably the most practical as I've been part of many different projects in the construction industry), and a combination of house-hacking/live-in flip (probably the most rewarding with a potential to swap between units as I finish one in order to bring better rental income).

What made you interested in investing in this type of deal?

I told them per the Homeowners Protection Act of 1998 they are obligated to automatically drop the PMI when my loan reached 78% LTV and I wanted to be reimbursed for the (26) PMI payments I made past that point. 

The numbers just made sense here in Ohio and I haven't regretted it since.

It made it super easy to see the difference in pricing and I ended up saving a decent amount.

I just had a carrier make me replace 6 damaged shingles in order to keep my coverage.