You can spend beyond your bucket of money and still do zero down, though there are tradeoffs.

Also have a contingency plan and risk reduction plan.

The property I plan to purchase has two parcels.One parcel, 0.18 Acres, has an address assigned to it.

He also said that he will move Space Exploration Technologies Corp. from Hawthorne to its Starbase in South Texas where it is developing plans to one day send humans to Mars.The move further cements Musk's influence on the Austin area and, more broadly, the state of Texas.

If not I would probably spend my money elsewhere

The business plan is clear and well thought out and fits your criteria6.

This will be a long term rental that we plan to keep for many years. 

If I were you, I spend a few dollars on an "expeditor" or "architect" to review and give you recommendations.

They also have literature and tons of free information online that you can learn from without spending a dollar.

I plan on rehabbing the property and refi within a year.