Be less involved and invest with someone else that does a lot of the work and you share in the profits (aka on the smaller end flippers look for investors, then medium developers, then into large developers) Most small to medium will look for private equity while the larger ones may be only using institutional, but there are a lot of opportunities out there, you just have to find the ones that may fit your interests best... often times these can yield you a higher return than options 1 and 2, though the tax write offs are not always there (depends on the deal). 4.

What are the best strategies to maximize productivity of the 200k for the 23 months?

Many will say pay off all debt first, I say time is truly your only finite resource so maximize by investing as soon as possible.Now if you have high interest debt, that’s another matter entirely.

If the deal has positive yields for the last 3 years (with sellers tax returns to prove), you should be able to find a lender to work with you. 

Ideally, I would need a $50k loan to fix it up, and then refinance it into a 30 year mortgage.I do not have 20 percent to put down to purchase the property.In order to maximize the property's potential and convert it to a triplex, I am estimating a need for $40-50K in rehab expenses.

The owner is often not even in the area, is not vested In the neighborhood, is trying to maximize profit, I didn't generally tend to drive up overall rental rates.

You need to make sure that you match up potential roommates well so that you aren't having to deal with roommate issues, but you can maximize rent by renting by the room.** Of course adjust my scenario rents depending on your rents

That is double the rent I have been collecting.So, it is as if I purchased another rental property, yielding $525 per month, for nothing down, no closing costs, no title search, no overdue taxes, willing “Seller”.I still maintain my policy, but this gives me pause to think about it.What would you do?

Maximize the rental income from tenant and save for a 20% down payment (conventional loan). 2.

That's going to maximize the equity you can pull out of the property.