My only word of advice in dealing with some from my claims perspective is I'd take extra time to vet them and make sure they are a reputable operator  (you could probably get a list of banks or car dealers they work for and then contact them to see what their reputation is/if it checks out...some of the banks or car dealers I may have contacts to provide you) ....one other thing to think about is the potential environmental impact as well...ie if they do start hauling wrecked cars, who's responsible for all the fluids leaking on the ground, could they potentially contaminate your property etc.  

D'oh I meant "looking forward to learning everything I can!"

The tax was paid on time every year.In 2013, there was a "school relevy" of $2,469.02, but for some reason, the entire amount of this was credited back, which meant that it didn't increase the taxes owed.Also in 2013, the tax was paid late, resulting in interest charges in addition to the tax bill.In 2014, there was another school relevy, that was credited back in full.Also in 2014, the tax was paid late, resulting in interest charges in addition to the tax bill.In 2015, there was no school relevy, and the tax was paid on time.

Thank you both, I realized I didn't ask my question right and what I meant to get at is: I want to be a buy and hold investor but would there be any reason for me to flip instead of rent out?

If you get deals done consistently you obviously do.I just meant that you have specific guidelines to your criteria as to which problems you are willing to solve.

Hello Frankie and welcome to BP.Like Curt said, FHA loans are meant for people to become homeowners, so I doubt you can get it unless you actually plan to live there for a period of time. 

Two different things:Turnkey = property ready to rent, or already rentedProperty manager = guy to take your property and rent it out or manage your existing renters..Maybe you meant a general contractor to manage rehabbing a property to get it rent ready, and then turning it over to a property manager to find and manage tenants for said rental?

Yes Dawn, thank you, sorry I didn't phrase it the way I meant.

@Derek Carroll Can you explain what you meant by "Your ROI calculation is off in a few ways.

I'm not sure what exactly is meant by lot topography or utilities (maybe you're looking at the cost to develop the land?).