Financial goals: Our current jobs provide for high-income but not a lot of time for active real-estate investing, so our strategy is long-term buy-and-hold with less headache properties.

That also means longer holds will appreciate faster allowing you to buy a TLC property, renovate and benefit on the ARV which will gain quicker in a market similar to 2021-2022.Reason why I mention this is if your buying fix and flips your prices will start to go up making it harder to use all cash to buy them.

I plan to build versus buy because Im currently working for my father, who is a general contractor in Fl, and will save on the construction costs because I can do most of the work for little cost other than materials. it would be minimum labor cost and no profit cost from contractor.

Those are easy to finance, and the financing is solely based on the properties income using a DSCR ratio for qualification.I would look for a property like this one, https://www.zillow.com/homedetails/5810-21st-Ave-Kenosha-WI-...Lets say you could buy it for $100k, and its $50k in rehab, and ARV will be worth, $200k.When you do the rehab, make sure all the mechanical systems are brand new, then you will have relative few repairs for the next 3-5 years.I can get you a loan for $90k purchase, and $50k, rehab, once its finished you can refinance into a 30 year fixed rate loan between 6.5-6.8%, and cash flow. 

The rest you can handle from an hour away.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

If you do not own a primary home its easier because you can claim any 2-4 unit as primary and only have to put down 3.5% for FHA, 5% for Fannie Mae or No money down 100% of you are a Military Veteran.Live in the home for 12 months refinance pull some cash out and move on to the next property to buy.

The properties we buy are entirely turnkey and around the 40-65K range.

(i) In 1998 Taxpayer B buys a property that includes a house, a barn, and 2 acres.

I happened upon your post here and am looking to potentially buy a VA assumable home in Hawaii.

Any experienced advice would help and be greatly appreciated.Easiest way to avoid this is to rip off the bandaid and do it right with the large capex items.Detroit homes are pretty simplistic, especially if you're buying a bungalow.