I say luckily, as it is my understanding those shouldn’t be too costly to rehab compared to other property types.

Every type of non-QM program will have a higher rate compared to Conventional. 

And goes without saying, but do all the inspections and such.While we've technically viewed all our properties before closing, I'm not sure I've added much value by seeing it compared to reading all the Airbnb reviews if it's an existing rental and having qualified inspectors review the property.

I can't seem to find a straight answer comparing the two.  

So please if you are on the side lines and want to change that, join the MNREIA facebook group or whatever is comparable in your area and offer a service.

@Brandon Rush thank you for the insight - I wouldn’t have thought to compare with comps either pre- or post-BRRR!

"Flip" to buyer at price based on comparable comps in the proximity of the new buildTo me this could be done in a way where it could potentially be a double close if I am efficient enough.Is anyone familiar with this, and is there anything that I might not be thinking of that could be detrimental to this strategy? 

They are looking at comparables from six months ago in many cases, which can hold value down. 

If you sell in 1-2 years take into account the market could swing, in a market like yours(OR) the prices can change quickly compared to a Midwest market. 

I know this is a different approach compared to maybe saving money over time to invest or, even something wholesaling or flipping.