One concern I have about the property is that behind the back yard fence, about 50 yards behind the property line, is a high voltage power line.  

Community pool!

We didn't end up buying it but the best I saw was a backyard urinal that 'fed' Nitrogen infused urea to several large healthy fruit trees & a row of grape vines.

Large backyard with new landscaping and sod.

So, I guess I assume that an agent would have some sort of pool of investors, big or small.

Rehabbing and Renting is probably  the way to go as I do not think there will be a pool of ready buyers for your finished project.  

He gives a great run down of what to look for and how to manage when you’re not investing in your own backyard. 

Difficult to get a mortgage this small, so investors are pretty much all that can buy at this price point.Since 'value add' is all the rage (what we used to call a fixer or POS) I would consider a lease option if it was in my backyard. 

I went with the low end because the house is small, it's in our backyard, we have a Project Manager and this isn't our first Reno.

Regal Oaks looked like it would be appealing because of the resort pool and proximity to Disney, but I didn't know if I could still do it with that HOA.