Trim all trees away from the home and in the back yard. 2nd cut once job is done for photos. 2- Paint exterior walls, trim, shutters, doors 3- replace all broken window panes and ensure all windows open4- replace front door and frame paint to match house 5- install all missing shutters.

These are things like how late the pool stays open, whether diapered children are allowed in the pool, the amount of a fine for leaving pet waste on the ground, the due date of HOA dues, the number of days needed to cure a violations and other things like that.  

The buyer pool is wonderfully small, and you're the big fish in it.The fact that the former owner saved you half the work should never be mentioned during negotiations.

It might take you some experimentation to find the right type of housing combined with the right tenant pool so that cash flow could supplement or replace income.

It’s a beautiful property on Lake Granbury with multiple buildings, pool, hot tub, boat slip, two docks, stone patio, and much more all on one acre.

Telling me my backyard was a common area and it was not mine.

But $575M to $600M ARV, no pool(?)

You could also do something like find a SFR, build an ADU in the backyard / convert the garage, and live in the ADU while renting out the main house.Lots of options.

Sounds like you're basically talking about doing a syndication where you pool investor money to create a fund to purchase these flips. 

Had a beautiful pool & rear enclosed privacy garden.