My plan is to purchase the property then demo the house and subdivide the parcel into 3 separate lots.

I love real estate, but kinda hate houses.

So our cash-flow will be next to none in the near future.Home #2 (our current house). 

I always say if you have $15,000-$50,000 buy a house, buy a condo, learn from experience, it will be more valuable learning on the job and in the end you have a piece of real estate.   

Single house?

I helped clients secure this off-market new construction house-hacking deal in Wisconsin What made you interested in investing in this type of deal?

It depends on where you live, but the places I have, the water bill is tied to the house vs electric or cable which is tied to the tenant-so if the tenant doesn't pay the electric bill, they have problems when they move and try to get it at their next place.What I do for my places in BC is pay the water bill directly and then send my tenants the bill.

The chances are high you will meet other house flippers that can offer insight. 

We believe that sustainable housing is a part of sustainability as a whole and restoring once great spaces back to their former glory for others to enjoy and live. 

There are companies out there that handle everything in house from buying the property, to renovating it themselves, selling to an investor and managing themselves.