If you are thinking wedding venue, go find 2-3 wedding planners in town. 

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Resist the temptation of a cheap property/market.It's also going to feel like you are not making any progress in the first year or two.

Never go with one offer. 

. $200K property needs to rent at 1.5% for a minimum of $3K per month. half of that will go back into property expenses. 

in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews.

As a backup plan, if I have to go with a local PM company that only leases the entire home, could I use an addendum to add additional tenants to the existing lease while ensuring everything is legally structured?

I did it to get an answer, I didn't think I was actually going to be invited onto the podcast though. 

The problem is no one book is going to be detailed enough for your specific state and county.Right here on BP there are lots of discussions about tax liens.

The larger home builders will have a few presolds but then sell as they go.