I'm also not totally opposed to splitting the deal if an experienced flipper wanted to take me under their wing. thanks!

Do you not consider things like electrical, plumbing, exterior of building, parking lot, etc?

The worst case scenario is you own a property and you have to rehab a bit to turn it into a flip as opposed to doing it as a rental property.

If the tenant chooses to pay with a credit card or debit card, as opposed to directly from their checking account, they're charged a 3% fee. 

If you have brick on the exterior, you might have to do tuckpointing. $$$2.

HOA is $319, covering exterior, insurance, water and club.

Was thinking it will take about $20-$30k for interior and exterior work for a 1500-2000sq/ft house.

I’m sure it is a headache for many lenders to go through these types of loans as opposed to a conventional or FHA loan.

Check the outside of the property for issues and make a punch list of those that can be done even after the tenants have moved in. ie, when we redo a property, we get the inside completely done and then advertise it while working on exterior items.

You may be able to bring that down a little since the HOA will be handling exterior issues.If this is going to be an investment, you'll need to put at least 20-25% down.