The initial area I will focus on is in NE FL and has the following: - Population: 81K - Median HH Income: $109K - Median Age: 45 - # of HH's: 32,958 I'd like to keep my area smaller in the beginning so I can better controll marketing expenses, while avoiding spreading them too thin. 

If you're only doing a couple or so transactions per year probably ok.On the other hand, you can have more control and eliminate the need to go through a custodian for investments by the use of checkbook IRA or Solo 401k.

.🔹 Step 3 & 4: Foundation & Pest Control (If Needed)Not every house needs foundation work, but if the floors feel like a funhouse or there are termites throwing a party, handle it now.

There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist.

Control of overall project staying diligent.

It allows for passive returns with increased control and diversification.

I personally like his #3 approach of treating this as two separate transactions because you are maintaining control. 

Lease Options let you control properties without owning them.

A renovation company that has already completed over 350 renovations for us will quickly do whatever touchups/repairs are necessary so we can get the property back on the market.Use electronics to control access and reduce turnover time.

I've had to file the claim for the property and I hope it isn't too big of a deal because stuff happens that is out of my control.