@Reeves Bennett Focus on quality over quantity. 

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

@Jefferey Eutsay I’ve found the BP Calculator to be sufficient for analyzing most of my deals.

If there was a clear lease violation sufficiently serious and they were given written warnings to correct the issue and did not then you could probably evict.

If you can provide additional benefits to the community, particularly those most greatly impacted that's great but that alone usually isn't sufficient in most municipalities.

And never being “at risk” is it even sufficient to legally bind a seller?  

This will help you gauge whether the rental income will sufficiently cover your mortgage and expenses.Financing Options: With your plan to put 5% down on the single-family home, make sure you understand how the financing works for the construction part.

If you can hold onto these properties over time (ie cash flow sufficient to not lose money), you have already "won". 

You mentioned in this post that you don't have time/money to do the  quantities others are doing. 

I don't like having a job or boss but found them to be necessary evils until my cash flow was sufficient to quit.