@Kim McGrathI highly doubt you will do better than 8% as land is very difficult to get financing for right nowWhat is the property worth?

You need to vet them for what they are bringing to the table (cash/project management experience/contractors/etc.)A good hard money company that can work with investors on the loan and/or construction costs.

The fact that you can buy into leads does not make you better with investors so that means it may or may not be worth it.

It has a strong potential for cash flow and property values are steadily increasing.

Just wondering how your experience has been (Worth the investment?

I am already preapproved and could move on to something else that would not cash flow nearly as well.

They instead focus on fully gutting their projects and install entirely new kitchens, bathrooms, fireplaces, accent walls, etc. and any exterior or mechanical upgrades necessary.While I understand this whole hog strategy, part of me says this will end up increasing the value of a home so far beyond other homes in the surrounding area that it wouldn't sell for what it's likely worth.

You keep large amounts of cash in your hand to invest in the next property.

The house hack approach makes sense otherwise.Think about cash reserves.  

Or, just keep going as I am, doing delayed lending to cash out after I make repairs and get a tenant in them.