These numbers come from a Brooklyn property (short sale) that i analyzed for practice.

Then possibly find another 203k property, rent the 2nd home to pay for mortgage.C) Find a SFH or MFH to purchase with a 203k, rent current home to pay 203k loan, and then shortly, there after, use HELOC from our free and clear home to purchase a fix and flip or BRRRR.

You will need to submit the short sale package to the 2nd lender as well.

Short answer: Seller finance or try to have the owner get it re-zoned. 

I personally focus on sandwich lease options which I believe is the best option for short term cash flow.

The listing mentions the possibility of a short sale if the seller doesn't get any good offers. 

I expect that as we start investing more it'll be in the midwest/south for better costs which means long distance investing.

I have seen some with short programs with low/affordable tuition. 

My wife and I have a guest house at the front of our primary residence that we rent out as a short term rental on AirBnB.

Basically, back in 2008-2013, investors had a lot more leverage when it came to hiring contractors than they do now, and any investor who tried to do this would likely find that they were alienating potential contractors and this strategy would backfire.Long story short, in a hot market, this won't work well.