- Is that a common practice to payoff tenants to move out? 

I was wondering if anyone knew of good online resources or message boards so I could ask some generic user questions (Ex. can you import a journal entry from excel into Yardi) and best-use practices.

Practically drove right by your place. 

There is a proven all cash buyer right there, simply contact them and form a relationship with them.Learning how to estimate rehab costs is not easy but it is also not rocket science, it just takes practice.

you will find on the open market.. set ups like this will have few takers for the note..note investors will look at this as a cash out sell you the property type deal.unless you keep the NOTE VERY low LTV and give a great return.. but you may find a note newbie that will bite.. but note investors that do this for a living wont do it at least those I know wont.you would be just as well to find someone to do a cash out refi.. but in practice if you want to try.. simply have the title company prep a mortgage if its a mortgage state and a note and record the mortgage like any other loan.. 

The cash required was minimal, the profit margins exceptional, quick and easy buy/sell, and competition practically nonexistent.

"Practice finding a good deal," of course he says a lot more than that.

If this is representative of typical rent to value, then SFR may not be a viable strategy in your market.I know you plan to self-manage, but it is bad practice not to include management in your underwriting of every deal.

I am planning to relocate to Florida in the next few years, I would like to get started transferring investments to the state now so that I have something to relocate to.

Do you have any suggestions or best practices to help me achieve my goals?