@Vivek Desai it really depends if you have the energy to maintain the exterior of the home - if not, then a condo/townhome would be a pretty good option if the complex allows rentals (have your real estate professional check this for you).

Until you own the whole building, you still need an organization that is doing what the association does - collecting money from the other owners, doing maintenance to the exterior, and planning ahead for long term costs. 

If you purchase via an IRA (as opposed to a 401k), you will need to open an IRA account at a specialty trust company which allows for investments in real estate.

I have a property that has 5 exterior doors that enter the house.

It boasts a front porch to die for, with ornate crown molding that dancing all around the exterior of the structure.

But I'm super opposed to disaster capitalism AND the fires are common and they happen on the same acreage every.

If this worked investors would upgrade their properties all the time as opposed to buying new ones.  

Getting into MFH within my budget seems more doable in Louisville as opposed to Jax but I think it's going to come down to which city I like the most.

The home will be completed in a total time of ~6 weeks, with completely new kitchen and baths, new drywall, new roof, exterior repairs to the cement, new hot water heater and new HVAC.

I would prefer to see if I can do a buy and hold with this property as opposed to a flip.