Another note on construction cost, going vertical is very expensive now and would require have a great connect with a developer and a builder in the area.See what rents are in the area and run the numbers to ensure the rents will cover your costs and give you a solid return—using the 1% rule can help.

A whole working business with properties, a booking site and a brand that creates loyalty.

Since you have work history, if you get a job with salary income and a credit score above 640 (680 realistically), a conventional cashout refi is within reach as soon as you reach those metrics.

I reached out to the individual marketing the deal to schedule a property viewing, but they’re asking for proof of funds (which I expected) and a signed purchase agreement or LOI.Is this normal?

And a good property manager will take care of day to day, but you will still have work to do.

Anything you do remote will come at a cost of operational inefficiencies and a higher cost of doing business.

Glad it's working for you I slowed down on RE for about the past year and a half S&P 500 is up 27% YTD, NASDAQ 100 up 32% 

Jorge Newberry is the principal and a very good guy from my experience.

They all have yards and a driveway , its not like living in an apartment .   

Wasn't for me.I'm not affiliated with the company, although their founder @Brandon Hall is a colleague and a friend of mine.