It does bring in some income outside of season as it is close to AC but it certainly makes over 80% in 3 main months.

I think my main point, which you’re experience lends support to, is that while there are below market deals out there, it requires a continual effort of being “in the market” and looking at 100s of deals to negotiate the rare below market purchase.  

Many of your main TV companies won't pay a claim on a property vacant for more than 30 days.8) Renters Insurance: how are you going to get S8 tenant, who qualified for the program via a string of bad financial decisions, to pay for it?

That being said, this is mainly doable for folks taking on cosmetic rehabs with great time management/construction management skills.

I made the layout more user friendly, added a whole wall of closets in the main bedroom, totally gutted kitchen and bath.

The main property will be my primary residence.My biggest question is, what kind of foundation would you use, (that is to code and will pass inspection/permits in Charlottesville) that is either relatively easy DIY or cheap to outsource.

The main reason to do a cost seg study is to generate bonus depreciation, which creates passive losses.

My main concern is whether it's hard to meet their criteria for properties and secure funding.

In Omaha I saw a church for sale.  

See, it's a snazzy start-up where everything is remote (besides their main office in SF) and they got da fancy "algorithms" & da nifty "machine learning" with a coefficient quadratic equation here and a pythagorean theorem there that tells them what rent should be and tenant profiles you should look for.