Doable? 

@Amitpal Gill  As you will eventually find out, motivated sellers in probate are more limited than you imagined and they involve the more complicated problems in real estate but it is doable if you know what you're doing.First, you will be writing to the executor or administrator (known as the personal representative or PR) of the estate.

Land is still doable at tax auctions but 99% of what goes to auction are drainage ditches, floodplain, cliffs or landlocked with no usable easement.Take a look at the mortgage foreclosure auctions instead as these usually only have 90 day hold periods and no redemption rights. 

Is this a do-able strategy?

I also plan on financing the purchase using a conventional 30 year mortgage with 20% down.Does this look like a doable deal?

Most of us use private money for this, and its certainly do-able.

Your first flip is definitely doable in Lincoln.

Prince George County would be doable, but I don't know much about the area.

Under a normal situation things are normally fine, the time when a PM company earns their true money is when things go wrong and your facing a lawsuit for violating a tenants rights, discrimination suits, property code etc.. the challenge is that most investors do not take the time to educate themselves on these subject prior to purchasing a property and when things go wrong they end up in some form of legal litigation.If you plan to take the time to learn the laws and local property codes etc it is definitely doable and not hard to run that business.

You may want to approach this a different way, but what you are doing is doable under the correct structure.