Secondarily, if I had a buyer for the land before I close, could I structure the purchase to include them without doing a wholesale deal?

Property comes with amenities such as swimming pool, outdoor grills, playground structure and each unit has washer/dryer connections.

House hacking is the best tried-and-true method for new investors in my opinion.

My understanding is that the ballpark standard of "unless it would be outrageously tough" (something along those lines) is what applies if you're doing a rehab, seeking new permits, doing structural changes anyways, and things of that nature.For existing pre-ADA structures, my understanding is that the standard is more along the lines of "if it can be easily/cheaply done, you have to do it."

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Quote from @John Keane: @Jay HinrichsGot it, I will definitely re-evaluate my profit split structure after what I have learned here. 

Structurally, the property is in pretty good shape EXCEPT one problem that I cannot properly assess: the plumbing will not hold pressure.

Probably going to be a check.Smart contractors are starting to understand that convenience matters to customers and being able to take different methods of payment can help them collect their money.

Have you looked into the Turn Key Method?

I currently am a resident here (so distance is non-factor) and I possess some handy skills that could save renovation costs (besides HVAC, structural issues, plumbing, electrical work).