At that point, look for a house hack that needs normal cosmetic repairs (flooring/paint/patching drywall/etc) but DO NOT take on a full gut job where it needs everything (roof/structure repairs/outdated electrical/ancient furnace/etc).

But I’m ready for bigger investments and in my area the biggest deal you will find might be a 6-7 unit ancient house that’s been chopped up into one bedroom apartments.

I don't want to spend a day and a half writing out my exit strategy, but yes, I want out of ancient Yinzerburgh crapshacks and their typical denizens. 

If the house is not far out of level and it is mostly soft flooring from termite damage to the ancient floor joists, then, you can sub-contract out the JOB a piece at a time.

In other he labor market showed no progress last week (absent the change in methodology).

The OP asked about a product so that he could attempt a methodology. 

I prefer to invest out-of-state due to countless cash-for-key horror stories in California and rely heavily on professional property management companies.I wonder is there anything wrong with my targets/methodology/goal or it is just a norm under current high-interest fed-up environment?  

You may even find a niche in the process.Was the fire caused by lightening or a downed power line or was it caused by ancient, faulty wiring that runs throughout the house and would have to be replaced throughout?

I recently did a large meta-analysis of the whole US by zip code (using geospatial methodology).

Value Reports (use several and verify data sources and methodologies used)Your ideal renters and other investors (talk to these people, find where they are or who knows them, and ask questions)When you are using OPM, your intuition, family, and what the neighbors say is not enough.