By including the cap and limitation that all originated mortgages must be under $150k the Bill basically says these folks are in no more danger of defaulting on a mortgage than they are of being evicted from a rental.  

I also have interest but limited knowledge in flipping houses and investing in notes.  

Even firsthand experience has its limitations.

Even the extremely limited office hours she has posted she is rarely around.

With a few of these lines of credit your scores will rise significantly in a limited amount of time.

Yep, builders risk often has very, very limited coverage.  

Step by step things to do dor a successful wholesale biz and How to buy and hold with very limited resources?

As for the time limit, I'm sure it depends on what repairs need to be made as well as how good your contractors are.

. -- with limited info, kitchen.  

You will still have yourself a job and limited time with this type of property.