honestly, your questions indicate you are NOT ready yet. you gotta read more. there are some really basic things you are not getting. also, it sounds like you don't have much money.flipping is...hard. even when property values aren't so massively appreciated like they are now. so much has to go right. you need to know your market very intimately, know your costs to a tee, and have plenty of time to coordinate trades.when people like yourself show interest in flipping in this area, it makes me worried that we are in a bubble....only difference from last time is that you very likely can't GET financing now.

Your worries about finding deals with enough equity spread may be an indicator that you need to continue to educate yourself.

I recommend contacting the various providers and going over their service and fees as pricing is not always an indicator of service. 

He also indicated that he had also purchased a business last year and the credit report shows what appears to be related debt.  

However, preliminary numbers from the contractor indicate that the renovation costs alone might be at least $500k.

The market is at an all time high and besides obvious indicators as such...

Is it also usual to be charged 10% of the monthly rental plus an administration & management fee initially and then a balance of $300 for any maintenance or emergency repairs.There is no indication of when the rent is passed on to the landlord, whether this is monthly, quarterly or annually I'm not sure.Any advice on your experience with PM's would be much appreciated as well as any recommendations for good PM companies in the Tampa area.

I contacted the title company and they assured me they transferred the title with the county and they indicated that everything would be straightened out ASAP !....

I've got mentors who indicate that I'll need to offer on multiple deals per week to build up a pipeline of steady deals which makes absolute sense once the business is up and going. but for my first deal should I follow that advise?

What makes it such a discount at this point in time is that even though the municipalities planning committee GIS system indicates that they have easements established for road frontage for this lot, currently there is no road frontage.I would like to take advantage of picking up the lot while deeply discounted, but I know that no road frontage will impact potential plans to convert this over to a cash flow play (or to liquidate it later if needed) until completed by the municipality.