About 2 1/2 years ago we bought our current home 1/2 built for a song and finished It out with me doing most of the work with a few hourly helpers.

Once you start getting into some more transitional areas, your ideal 2% may be attainable. 

However, thinking realistically with my upcoming new job and finishing school, I probably will not have time, nor the energy for sweat equity, so I am thinking I should buy and hold to build equity, as opposed to focusing on building cash flow.I am aware there may be things I have not considered - so I am humbly asking the question --- What would you do if you had access to VA, FHA and conventional loans, approx 20-30K capital, good credit and low DTI?

I had it framed by a contractor, then finished in-house by my crew (siding, insulation, etc) and a door installer put in the door.  

I started getting lots of pressure from my work - they were asking me about my dosages of medication and when my treatment would be finished.

Use the equity to purchase then refi once I have the mfh filled or finished as far as the remodel

That's for things that are truly unusual, like a sauna room or finished basement. 

I'm weighing FHA vs seller financing and haven't finished the models yet, but i'm wondering if this strategy is possible, because i'd obviously love a second acquisition (FHA or not).Thanks All!

Just finished my first renovation and am looking for my next project.

Also be careful because there are situations where people don't finish work as promised.