I do concur with Chad that you might want to start closer to home to learn the mechanics of the business.  

Them being the 3 mechanicals (HVAC, ELECTRICAL, PLUMBING) and ROOF.

Just bought a long term rental in Florence, SC with a non-working pool (ripped liner & old mechanics).

With a savvy realtor and attorney, you can put forth a competitive offer that still protects you by waving the contingency with limited exceptions to mechanical, structural, environmental, and health and safety issues.

@Tim Bishop  also I assume that is mechanical harvest  feller bunchers ?

However, it's important to note that these mechanisms may not cover all regions.As developers, we collaborate closely with leading real estate consultancy, valuation experts, and research companies.

You aren't doing much mechanical work on a house in Chicago in that price point with permits, etc. 

There's been a couple that I've been tempted to try but I just don't know enough about the mechanics of them that I've been willing to jump in both feet, and dabbling to me seems a good way to lose your money.

01) Property Info         01) Insurance (at top as most important)         02) Property taxes         03) Deed & Title         04) LLC Docs (if any)         05) Purchase-Sale Docs      02) Utilities      03) Maintenance      04) Leases         Lease Name Folder            Application Docs      05) Advertising      06) Rental Licensing (required in most of metro Detroit)      07) Inspections      08) Appliances & Mechanicals

These large buyers/owners would discover that no matter how much they controlled their processes, it was extremely common to have multiple houses in the same neighborhood (or even on the same street) with dramatically different floor plans, mechanicals, and finishes.