Many are buying properties, doing minimal renovations to keep their crews busy, and selling with small or zero profit margins.Cash buyers are a priority.

So shift your expectations to most of the cash out and you'll be good and you'll actually start buying deals, versus people who wait for the perfect deal, spin their wheels for 6 months terminating contracts/analyzing hundreds of places, and then eventually burn out and give up. 

You're better off focusing on specific markets, specific neighborhoods, analyzing numbers, and building an ideal buy [box].

You could also buy from an existing landlord that has a section 8 tenant.

Which is why I think house hacking is best for 90% plus of new buy and hold investors.I wrote an article on this a while back that goes into more depth and you might find that helpful: https://www.biggerpockets.com/blog/get-a-loan

You should just buy in Georgia...that’s it!

You are better of buying duplex deals on the west in areas like Brooklyn, Tremont, Cudell, etc...

AND there aren't many note buyers who will buy notes with large balances in the range you mention. 

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.

I am going to buy an apartment in Bali which is in a construction right now and the price is a presale price.