The taping crew will be pleased to see heat inside - this will ensure they prioritize my job over other projects.

Sure, you can't devote your full time to it, but if you're working on one house at a time, you either contract the rehab work out or go over and work yourself when you're not at your full-time job.I prefer the safety, stability, and steady stream of income from maintaining my full-time job as opposed to the more immediate increase in freedom and autonomy from pursuing real estate full-time; at least, until I feel that I'm making enough from my investments that I can comfortably make the transition.

I see a few solutions though, 1) You already have a ton of cash stashed and don't need banks or2) You have relatives or friends who will finance your projects or3) You understand Hard Money and how it works or4) You will be partnering and doing Joint Ventures or5) You will be doing Subject To, so you don't need banks or6) You have one amazing printing press that spits out $100 bills like candy (I don't recommend this one)And, by the way, Phoenix, Mesa, Salt Lake, Austin and a whole bunch of other places are better places to invest for safety and return than SoCal right now.

You could certainly use a rent collector for it, e.g. a friend or family member, but I don't know if I would want someone to do that for me for a variety of reasons, including safety, honesty, path to retrieve, etc.I'd be more concerned about your vacation/relocation and how that would affect your business far beyond your rent receipts.

Louis County, is currently reviewing an ordinance that would prohibit short-term property rentals because, according to the Crestwood City Administrator, the City wants “stable residents living in the community, adding to the quality of life here, walking on the streets, obviously there’s a safety concern there, there’s a property value concern.”

FHA is more strict on safety, railing etc than conventional.

I like Benjamin Grahams philosophy of investing with a margin of safety.

I won't use a handy man to work on a gas connection or do electrical because it is a safety hazard. 

So, everyone gets followed up with, but I prioritize those that have left a voicemail.

However me and an associate found quite a few things wrong that are both safety issues and issues that will probably make most buyers run.