It works but the premise is more for large, rural land and doubling your money & I wanted to target other types of property.  

The area is a little far from town and is on a big lot in the country so it targets a specific renter.

., rental vs. flip) and the property's target market.

Distortion by contrast: MI targeted a lot of high income earners who lived on the coasts, WA, CA, OR, MA, NY, DC ect.

I believe if you want to move forward target the judicial council because I see no end in sight for that moratorium.

As I grow I will hand over the virtual management duties(90% can be done via phone, internet, and mail) to an assistant and get a broker lined up to do showings based on a fixed rate price to show a unit when needed so I am confident I can put together this structure and meet or exceed the 5% target in the future.

And is your purchase price target $150k, or is that the amount of equity you have to invest?

Perhaps based on your target market? 

After we drafted a bare-bones plan that considered their timeline, target rents, and capital reserves, they honed in on a medium-sized complex managed by a local group.. from what I’ve heard, these guys had impressed other out-of-state buyers before and delivered on their promises.

As others have said, if you post the address you will get more targeted advice about condition, price, photos, strategy, etc.