Not a lease purchase, that might trigger a sales event.  

For the longest time I've felt like if I have the right skills and concepts with flipping cars then I could apply it in real estate and be just as successful.After losing my first job and trying different careers, my feeling has always led me back to wanting to flip houses, so I decided to pull the trigger and put the fear aside.

This was the absolute worst time to buy for us (we were getting married 3 months later in Hawaii so we really didnt have any extra money for the property) but I was so tired of talking about real estate investing instead of doing it so I pulled the trigger. 

This will save you time (no shows do not cost you any time this way), foster competition between interested parties (if someone likes the house and offers to rent it that may trigger a bidding war), and reduce the impact on your current tenants (if they get sick of so many showings they can tell you that you cannot show the house, most states the tenant does have that right).Good luck with the tenant search,Allen Fletcher

I'd get an inspection and then if it has rental certs and you verify numbers are accurate of his cost analysis I'd pull the trigger.

Now in period 5 let's say loan 1 misses payment and that triggers the RLD.

I teamed up with a friend to start a real estate investment company and recently pulled the trigger on our first property. 

Be certain on your data points before you pull the trigger; especially on your first deal.

I would, however, appreciate any input/advice from other members before I pull the trigger on this property.

Since you don't currently have the capital on hand to pull the trigger on anything anyway, I would suggest narrowing your focus in your research to a few key questions.