I wouldn't touch that deal without contractor support, a proper walkthrough, pictures, and more experience. 

Also, If I am there I can ensure they make proper repairs and dont do ****** jobs. 

You will also want to be sure to do your proper due diligence on the private utilities.

. - Have enough (take home after tax pure cash flow) from my properties to match my current w2 net income ( which roughly 7500$ to $11000 monthly)- Not create a lifestyle where I am so immersed in my real estate investments that I cannot enjoy life.

Get a proper proof of loss over to them asap so their timelines are activated.

Get to know the local wholesalers in your market and also learn as much as you can about repair costs and properly judging the ARV with the MLS comps.

I'll be shocked if you can actually get much cash flow out of them (unless you are putting 50%+ down payment) once you factor in the taxes and high HOA fees but sounds like this is more of a lifestyle choice.

. - Have enough (take home after tax pure cash flow) from my properties to match my current w2 net income ( which roughly 7500$ to $11000 monthly)- Not create a lifestyle where I am so immersed in my real estate investments that I cannot enjoy life.

As with any other investment property, you need to properly screen potential teanants.

The question is whether you can properly screen them and what level of risk they present.