Borrowers must have previous FHA ownership/management experience if they are managing the property themselves or hire an FHA property manager unless an FHA waiver is attained.

My only concern is attaining the greatest cashflow possible passively, whether that be Memphis, Alaska or Pitcairn Island.

Your goals are very attainable and you are in a great community of investors and RE professionals that can help you along your REI journey.

Metrics that I find valuable to understand are populations total, home values, household income, poverty rate, unemployment, rate and educational attainment.

I have an equity line on the property I attained to make repairs/upgrades to enhance the sale proceeds.

This info will give you a decent idea of what to expect and help filter down your search to a few cities.Metrics that I find valuable to understand are populations total, home values, household income, poverty rate, unemployment, rate and educational attainment.

what is the best way or what are ways I can attain rehab money?

Does my current outline seem reasonable and attainable?

I don't want to go too far into it until I have a better grasp on whether or not the land adjacent to me is attainable.

If no then focus on attaining all.