Depending on what the potential jobs offer in terms of income, does this seem like a realistic strategy?

We are open to MFH but depending on the market we pick they are less common in certain parts of Idaho.

Depending on the type of replacement cost (functional, common construction, etc.) you may or may not be able to get reimbursed or replace with the exact materials that were there before. 

Legally, my investment is now depending on Aloha's action.

So depending on how much you pay for it, you can assess your cashflow.

This is basically a math problem that will depend on both you personal finances & also how much of this is an investment vs you want a nice house to live in4.

Make sense with our need for inventory nationally, but this is also very market dependent.     

A contractor can help with this or realtor who has done this3. depending on what side of highway 35 this is on is going to be a huge deal4.

@Jay Hinrichs 100% these can work differently depending on your state laws.

@Matt Wan Many lenders require wet signatures on at least the Promissory Note but if yours does not, as a US citizen you could do the entire signing anywhere on the planet with a good internet connection + mic + camera via Remote Online Notarization (RON) for less than $200.If wet signatures are required, the answer then depends upon what foreign country you are in.