I don't say that to brag, only that it can be done. 10 random sprinkled about homes is hard.

I had similar goals when I started exploring various crowdfunding and alternative investment options a few years ago (though I also wanted to sprinkle in some more speculative angel/venture investments), and ultimately ended up making investments in more than a dozen different platforms across a fairly wide spectrum of asset classes.To the extent you want to make Real Estate a big piece of the Alternatives portion of your portfolio (and if you're looking for income, then that makes a ton of sense), @Ian Ippolito's site is a fantastic resource to help you with your due diligence.While some flavors of equity crowdfunding may not meet your income goals, there's a growing selection of offerings around business financing like revenue shares, receivables financing, and litigation financing as well that may be worth considering.

Sprinkle in a lot of reading on BP and you'll save a ton of money plus you'll probably gain better knowledge.The offer you've outlined screams caveat emptor (The princple that the buyer alone is responsible for checking the quality and suitability of goods bfore a purchase is made) aka buyer BEWARE!

I would also sprinkle some money management titles in there from Robert Kiyosaki or Dave Ramsey.  

I plan on purchasing a flip this year, and completing 4-6 more next year, then graduating to 2 a month with some rentals sprinkled in for good measure.

There are definitely some more desirable pockets sprinkled in throughout the city.

I have a slight construction background, primarily electrical with some HVAC sprinkled in, but I'm now working as a an IT government contractor.

Sprinkle in 2-3 SFH flips here and there to keep things interesting.

Meters were turned off and to get those meters turned on you will need anything from a great set of plans, From electricians to Plumbers, to framers, etc.4- Sometimes the city will make the new build have up to date codes for electrical and access to building with complete inside sprinkling system .5-10   I could go on and on but I think you are getting the picture.Have your Real Estate agent call the city planning permit division and see what "Red Flags " are on the property address.If there was lose of life,  it will be very difficult to do a simple Re Hab on this property without the city making it up to every code in the book!

Once I also started following advice from people smarter than me and using 1031 exchanges using built up equity and sprinkling in some cost segregation, it put my portfolio on steroids.