"Sponsor must know investor for 21 days exactly before presenting them with an investment opportunity"), but some guidelines are in place that all Sponsors/Operators in the space will follow.That being said, you're best off finding a Sponsor who may offer investments structured as 506(b) if you really want to get in to the space.

I'd be happy to meet with you and share some resources/meet ups and see if there's an opportunity for us to work together.

You really need to be well prepared, because they are risking lots of money.In regards to your investment opportunity, It looks like there is just not enough information coming from the seller.

When the time comes and you find a real opportunity, you should be able to know quickly if it is a deal or not. 

@Matt Inouye I’ve been researching similar opportunities myself.

I'm working on finding my first deal, sadly down here there aren't really any house-hacking opportunities so I've been searching for years now.

This is a flip opportunity. 

I started exploring foreclosure auctions for the past year, found a rare opportunity for a house similar to what I'm renting now that needs minimal work, and am in the process of financing for purchase price of $413,000 (mortgage would be less than rent at $1800/month but could flip for $625,000).Because our market is so high and these come by once or twice a year (so many investors here eating up the foreclosures), would you 1. flip right away 2. rent 6 months then refinance and keep 3. rent 1 year rental then sell or 4. live-in flip 2 years? 

I am just starting to do some research, but I am wondering where there is still an opportunity to find these types of properties.

Regardless of what anyone thinks, does this opportunity fit your investing criteria @Bobby Larsen?