What are the other options for the property that can generate the most income?

My wife and I are based in the Southeast Michigan and are eager to dive into real estate investing to create generational wealth and ultimately escape the rat race.A bit about us: We have a combined $16,000 in savings and approximately $150,000 in retirement funds.

As I go through this journey I have also decided to educate myself in real estate investment so that I can be best prepared for July 2020, this is the point when I will be debt-free and will be shifting all my energy to actively investing in real estate utilizing the BRRR method.To that end, I have made it a goal to analyze 2 properties per day so I can become familiar with my area and become comfortable analyzing properties...and that is where my issue is.

The ocean surface temperature in the Atlantic is already at a record high in basically late spring and that provides a lot of energy for big storms..

Owning a rental property in Orlando is an excellent way to earn passive income and build wealth. Whether you're a new landlord or have an extensive portfolio, Orlando's vibrant market offers great opportunities.
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Getting an MBA would not help me one bit, so I'd say that's probably a waste of time, money and energy. 

Is there any way to get a ball park idea for this without engineering documents to generate a quote from an excavation company?

You're asking someone to spend a lot of time and energy to share what they've spent years - maybe decades - learning and developing.

If you can generate a return in excess of 8%, then you can borrow the down payment from private investors, or even the entire purchase price if your hard money loan was at a higher rate than this.

You are positioned very nicely to build a substantial real estate portfolio for long-term wealth generation and monthly cash flow.