However, in some cities, getting work permits is difficult and slow so it can really hurt the investors' timeline through no fault of their own.

I have to agree with the others.

Don’t forget to include the cost of the loan servicer. 

Hopefully, I would increase the value of the property in 1-2 years and be able to refi out of the FHA mortgage.

I recommend reading the book traction and following EOS - they have a one page business plan that is awesome to follow. any planner can work it's a matter of creating the plan and how to monitor and follow through with it which eos teaches

If the US proves out to be the safest investment haven globally and sees continued capital inflows, Treasuries will likely compress / fall and investors will turn to real estate to continue to diversify.  

Behind referral on on-line sources like Next door, Google review, FB marketplace, etc.  

The excavator is supposed to come in the next two weeks to clear and widen the existing driveway to the top of the hill and a site in back for a shed.  

Now, you can get some wholesalers but they usually don't know if the property will fit the requirements and regulations but you can learn that from the Realtor. 

If necessary to go through city or not..