Then if the home sells at ARV and quicker the contractor makes a little more and the investor slightly less, but like you said less oversight on construction for them. 

However, there are not a lot of homes with that many bedrooms for rent in the area so demand should be better.

Get a lender, enter into contract, close escrow, enjoy your new home. if you have less than 30 days, you would need the seller's cooperation to contact the foreclosing entity to see if they will postpone to give you time to close the deal. it's not guaranteed and the lender is under no obligation to do so but if everyone wins (seller sells, lender gets paid off in full, you get a home), most lenders will provide a small window of time to get it done.

From my experience, these factors are the secret sauce for a long-term growth investor.My family absolutely loves the city, and we are fortunate to call it home.

This property is a historic home and is fully operational.

Are you investing in Single/Multi-family homes or other?   

The hard part is figuring out what you can easily delegate but that is true of most businesses (I was good at it when I worked for someone else, but not good at it for my own items but want to improve).  

I'm also wondering what type of properties people have been successful with (single family home, small condo projects, or large complexes).

@Anastasia MonroTo achieve financial independence in real estate, focus on boosting savings, improving credit, getting pre-approved for a mortgage, searching for properties with high rental demand, researching local laws and regulations, building a team, staying educated, preparing for property maintenance and management, and being patient and persistent.

I'm considering mobile homes since there are quite a few parks around this area.