Our ultimate goal is to have around $1mil liquidity to be able to purchase our own land, build our own home, and still have a little bit of a buffer, while also having rental properties for our passive income.I know we could fairly quickly get to $1mil buy buying and selling but I wanted to know what you all thought about what a good roadmap might be regarding that (how many properties to buy and rent vs sell, etc).I have a friend who is very active in these forums who originally lived in Los Angeles and his first properties were basically in the ghetto of the middle of the US.Would a good route be to purchase apartments in the ghetto and be a slumlord for a while to launch our empire?

You basically give him $$ and change the deed. 

That's basically the missing piece I've been looking for (outside of that pot of gold that would make HML unnecessary, haha). 

BP is basically a crash course masters class.

Basically the BRRRR strategy, but with a full cash initial acquisition and Delayed Financing rather standard re-financing.

I wouldn't be able to enforce this in court though, so it's more of an ideal threat. 

Basically, any unit in any part of town in any condition at almost any price can be rented immediately.

Or is it a done deal now that the courts have issued an auction date?

I use cozy.co which is basically a pretty nice/free property management software.

It seems more and more true there are always pockets in  a close range to your market everywhere basically.