Just want to mention that sometimes it works out better to raze an existing property down to like 2 studs and rebuild around it so that it still is classified as a remodel versus a complete new build. 

In my mind, the liability and possibility of harming the seller outweigh the rewards.  

This policy will provide additional coverage above what your existing policy covers.

It is required the Property Manager return all personal property belonging to the Owner such as keys, entry codes, copies of lease agreements with existing tenants, tenant deposits, and any other files or information necessary to manage the property and the tenant(s)."

Though I would caution you on hard money lending until you understand the industry a bit better, that can be very rewarding but you have to be able to do your due diligence on deals because you're turning over your hard-earned money to an individuals project, often a flip. 

Doesn't exist.. can you get lucky?

For southern states, you might want to look at smaller markets in Alabama, Mississippi, or parts of Tennessee and Arkansas where properties are still affordable and cash flow potential exists.

And I have to assume the MF are their existing MF that needed cap calls ???

Those deals still exist, I see them every day. 

While rehabs can be rewarding, I’ve often ended up paying much more than I anticipated or would have liked—especially when managing from afar.