Either way I will have a partner that will live with me and go halve on the property, just want to make a smart decision being that interest rates are so high and property isn’t cheap in Oahu What’s the best way to skin this cat?

Yes, as others have said, there are many ways to skin this real estate cat.

Without skin in the game you taking on major risk. 

I'm in a window where I look good to banks, so it behooves me to move aggressively toward my next purchase, in case this gig dries up and the next is slow to come.Comps would leave me to believe that my property is now worth over $850K––maybe a lot more.

Over the long term rentals will give you financial freedom, where flipping will dry up the day you decide to stop doing it. 

We do this because she is very light-skinned and thus if the appraiser is biased, they see her and not me.

You will need some skin in the game on the first couple that you do.

They have some skin in the game at that point to help you succeed. 

So if you currently own a home that isn’t finance via FHA, then you can move into your new FHA loan covered home and then rent you current residence.There are a bunch of ways to skin this cat, I would start by talking to some of Jeff’s lender friends and tell them what you are trying to do and they will tell you if they have a product that works for that strategy.

The ability to install wet and dry utilities 3.