We have access to around $200k if we go all in not including investors if we could find them.

Hello BP,I'm looking into purchasing a property in Sarasota, FL that is built on a large parcel and includes some vacant land. 

Savvy investors often navigate this by leveraging various assets as reserves, including investments and retirement accounts.

The cost of the materials was $1,500, and including labor I’d estimate this cost me about $3,000.The property manager never ran this by me or gave me an indication these project would be completed.Our service agreement is clear that written consent is needed when costs exceed $1,000 and in this instance these were not repairs and requirements needed to rent the property.

I will be delighted if you include me in your group. 

In parts of the world (US included) where there are homeless people and cheap land, this can help provide a solution.

Get to know the area where you want to buy--this can include looking at listings, recently sold homes and simply driving around different neighborhoods. 2.

I'm wondering though, if I market them as lease option/rent to own, will a PM show the property, handle paperwork including the option contract and then manage the property or does that require a real estate agent?

Your best bet in this situation is to have rent cover the included utilities.

Hi Sean, I’m a “newer” investor and have a few doors in the Midwest, including Memphis and Detroit.