They typically cut the grass and maintain the lawn so the property does not acquire additional liens.

To get a taste I'd recommend acquiring a multi w/value-add (lots of sweat in other words) in a B+ area wher you can live and rehab and above all, LEARN as I've observed over he years it's not how much capital one has at their disposal but knowledge that will ultimately yield you the "cash-flow" you're aspired so to grow.  

Property A could be acquired with a co-investor through a tenant-in-common ownership structure. 

I am looking to rehabilitate properties for rent in order to make a profit that can be turned back into the investing cycle for more properties or maintenance on properties already acquired.  

I too am beginning a marketing campaign to acquire a tear-down, and erect a new structure, preferably a multi-family new build; here in Los Angeles. 

If I could acquire one of these would it be a good idea?  

You collect fees along the way under scenario 2 as well for acquiring, managing and disposing of the property along with your share of the cash flows.

I would assume that resale for those areas may be pretty difficult, but those areas potentially could be good for acquiring rental properties.

There's also a few commercial investors and lenders in our group who would be interested in working with you throughout the process of finding and acquiring a commercial deal of any size.Once you have some time freed up, we'd love it if you could make it to our meetups!

Now it costs me about $40-$50k out-of-pocket to acquire that home.