I got the drive just looking for any wisdom I can gain maybe even a mentor??

I will use $140k value doing minimum to make safe and not in constant need of maintenance

Adding one for each bedroom and then other rooms will quickly drive the cost up there.

@James Thompson, take a look at 204 Cherry Drive, Melbourne Beach.  

At the time, it was a relatively safe, up and coming South American country. 

Then you could use the 3-5% down on a house and use the leftover for reno.If you're interested in doing a flip, I'd look on the outer edges of Charlotte or towns surrounding that are within driving distance.

I am NOT interested in owning any more real estate (retired here man) so I had planned on just paying my 15% long term Capital Gains tax rate and moving on to my "safe money" retirement program of MYGA's / CD's and High yield Savings account / Bonds / some Stocks.

With that said - markets near feeder cities are good, drive to markets, etc.

The next buyer will also inspect it and will also have a problem with evidence of previous fire… So it will help to have an engineer look at it and say it is safe to live there. 

I just don't think it is a safe business model UNLESS you can take the property yourself if you can't get a buyer.