My question for you all is: If you were in my shoes, what would be the first step you would take going from analysis paralysis to jumping into that first deal?

The issue with this is I would be locked into a rental lease and would likely have a have penalties if I find my deal within a year.2.Purchase something listed on the MLS expecting that I’m paying market price.What would you do if you were in my shoes?

I was in the exact same shoes as you about 8 months ago.

A C-Corp will pay corporate taxes on income, but it may be more frequent than once per year.Real estate flipping income is not treated any differently than any other business that buys and sells inventory (shoe store, restaurant, car dealership, etc).

As I am starting with a clean slate, how would you all attack my situation if you were in my shoes? 

If you have the option to buy a $1,000 pair of shoes or house. 

Meaning if that investor can step into your shoes and take over the project, they might be comfortable with sinking half of their available assets into the project. 

It's a great area and when combined with the excellent buy you got on the land it maybe an opportunity to hit one out of the park.If I were in your shoes I would quickly find several builders to gather some intel in rough costs and timing.

If I were in your shoes, I would first take inventory of my entire balance sheet.

Regarding your concern about the area, in your shoes, I would speak to 2 or 3 property managers about the property, area, market rent, and whether they themselves would want to manage a property in this area.