I would be willing to look down by Beaufort and up to Colombia if the deal was right.

Assume I was the buyer interested in the owner finance scenario, rather than being the all cash no financing buyer.

While multi-family is a perfectly good place to start, I would tell you that it is often more competitive than single family homes… maybe just due to there being less of them in general, and being more desirable by investors.  

Be wary and seek advice about everything before you dive into the deep end.       

I think finding someone to work with is going to be a great way to build experience and avoid beginner mistakes. 

If we could prove out income I know getting money for the renovation with the property as security would be no issue, any suggestions? 

However, I noticed that most homes in the neighborhood have vertical fences.Do you think it’s advisable to go with a horizontal design, or would it be better to stick with a vertical style to maintain consistency with the neighborhood aesthetic?

If there happens to be tax benefits available, that's gravy.  

Meaning that the property must be free and clear.

A local attorney should be able to advise you on that.