If it needs a complete renovation $75-$100k in DC will not get you far.Also recognize how tenant friendly DC is and make sure to take that into account.

Or in other words, the rent received from house hacking would cover our housing costs (mortgage, property tax, insurance, repairs, utilities).Upon research however Oahu seem to be a high cost and low cap rate area similar to SF where we currently live.

Make sure you are accounting for renovated properties as opposed to outdated ones as well.

The smaller accounts brought me up to about $2M.  

The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.

@Brian Burns You could do things this way, but it will be slooooow and taxes will eat your flip profits alive!

Investments in Opportunity Zones can offer great tax benefits, but when combined with a cost segregation study, the benefits can multiply.An Opportunity Zone are areas that struggle with poverty and lack the necessary access to economic opportunities.

They handle payments, payoffs, and year-end tax information. 

Doesn't account for vacancy, unexpected maintenance, incorrect underwriting, etc.

The loan would likely be made to that entity ideally.4- Did the GC as JV outline construction contract type for budgetary accounting?