You will also need to understand the property's HOA restrictions as well to pull this off successfully. 

Also when leasing and sales cycle slows down they have revenue to keep employees on with the management fees. 

I will pick 5 or so zip codes that I am interested in and pull absentee owner lists for the last 6 months for each zip code.

Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000  Lot 2: $307,000  Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value-  $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation-  $2,538 - Real Estate Transfer Taxes-  $1,500 - Settlement Costs Paid at Closing______________________________________________   $234,212-  $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcI've spoken to a few HM Lenders and ran rough numbers by them. 

Way less hustle, potentially no property management fees required if you self-manage, etc.

If I pay a buyers agent fee and sellers agent fee (to me) I can LEGALLY collect a succuss fee of selling my property in a 1031 and roll over the funds into the next investment.Has anyone done this before and did it work out for your investment plan or hinder your growth.

Rockaway Beach, Ore.Cap rate: 5.23%Average gross rental revenue: $37,030Median sale price: $340,000These seem like low CAP rates, presumedly because the list maker is factoring their 25-35% management fee and who knows the average down payment or interest rate..From Brookings Oregon to Rockaway Beach and beyond there are on market listings with stronger projected returns. 

Airdna does the same by pulling numbers straight off of Airbnb and VRBO.

Seller loses, buyer loses, tenant gets evicted in long run, property sits with deferred maintenance during the process and neighbors don't like it, bad guys can break in...Foreclosure for an individual can cost anywhere from $90000- $250000.00 depends how long, what state, all the problems, delays... attorney fees hourly, filing fees, property taxes have to be paid...

- Is hurricane insurance covered in my condo fees or is this something I would have to pay out of pocket?