Account ClosedAbout a year and half ago, my husband and I purchased a foreclosure with a 203k reno loan, which enabled us to roll majority of the major work into our mortgage and still get a house that was flippable at a solid deal.

Here are my two cents:If you stay in Indy you will essentially be walking away from an income which can be good if you know that you will be able to put together a strong deal flow which will supplement the lost income, and the increase which you would have achieved should you have taken the job out here in CA.  

The small commercial sites are getting snapped up.The passage of this long-planned high-density enabling bill was expected by everyone on the supporting side in early 2015, but in December after numerous delays, the council kicked it back down to the Planning level over a very thin reason that has now been addressed in some 2016 legislation.

This would just be a supplement to those funds for a project. 

In my opinion, a real estate license will enable me to work as a bird dog, making commission on every referral that I do.

So pretty nice supplemental income.

Grandmother had dementia/Alzheimer's, we had power of attorney, deeded the house over to our name, and now the rental income is supplementing her medical bills. 

Has anyone had experience with 'rent-to-own' or alternative payment structures (local programs, grants, specific lenders, etc) to enable this kind of transaction?

A 506(c) raise would enable you to generally solicit for investors as long as you "reasonably verify" they're accredited.  

If the property does not sell soon after the rehab is complete, we will rent it out so that we have supplemental income to cover the cost of the loans from the hard money lender and the original seller.