If you are originating the CFPB rules are the same for a land contract or mortgage, so I don't see any benefit to creating a land contract.

. - I am a General Contractor, too, here in Chicago!

We all have a limited amount of time to work, and there’s a constant push to maximize that time to earn as much as possible—so we can enjoy life beyond work.Most people work to meet their immediate needs—food, clothing, and shelter.

I recommend building your "core 4" (Real Estate Agent, Property Manager, Contractor, Lender) in your target market.

AlabamaAlabama residents enjoy a low cost of living and a thriving economy.

Well they are likely going to tie up the property with a lease, contract or both. 

For example, I  never hear stories of the turn key provider spending extra sound proofing between units or investing in better quality fixtures or other high touch building materials so that the end buyer can enjoy reduced maintenance costs and better tenant engagement.

How much do you need to generate in investment income to either step away from your current job or do something you enjoy more but less pay?

My plan, after I accumulate enough property, is to refinance certain properties each year and collect the tax free "income" from that property and enjoy life. 

So, I tried to help the situation by getting a contractor to go replace the floor and remodel the bathroom so that the house is nicer for her.