We utilized the down payment program and use our own money to fix it up.

From googling, it would appear I need to hire a professional.

Home warranty programs charge a trip fee every time you file a claim, and they use that fee to compensate the vendor.

If there aren't any massive physical problems with the property, it appears you can grow income and equity.You might be able to buy this with little cash out of pocket if the seller owns it free and clear and was willing to finance nearly all of it.  

I imagine this is a similar model to Redfin's associate agent program that pays by hour/tour.

You drive by the property and notice it appears abandoned.

LLCs tend to be beneficial for financing options if using hard money as it can be required depending on the program.

It just appears that way. ;-)  

Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..

My original plan was to utilize a real estate agent to be my property manager that I met through a Dave Ramsey referral program, but I'm exploring if I should attempt this on my own.