For Florida there is a excellent book with all the forms by Warda called Land Trusts in Florida.You can also look at Mr Land Trust aka Randy Hughes https://www.landtrustsmadesimple.com/I would highly suggest that for your first land trust in that state you either spend the money with a comprehensive course specific to that state or hire an attorney knowledgeable for that state.

FHA loans will not allow you to do much "fixing up" as the property has to be in excellent condition to pass the inspection.

To your point about having money left for renovations, you can put as little as 5% down on a conventional, but how that's affected by the investment status is decided by the individual lender.Then you have "investment" loans, which will most likely all require around 20% down, ours requires at least 20% with excellent credit.

On the flipside i think it would be a excellent time to buy GE stock it's the cheapest its been in years and the companies probably not going anywhere soon.

Excellent post Lee.

There's a lot of great advice here on this thread.My partner and I made a list of many cities in the US and made an excel sheet to track metrics like population growth, job growth, affordability, Fortune 500 companies in the city, demographics, and other factors.

To be more specific, is there a site or program that I can upload an excel document with leads listed that would return phone numbers for those leads, or something along those lines?

It's an excellent resource.https://www.memphisinvestorsgroup.com/content.aspx?

What system besides excel can be used to keep track of the metrics on how the property is actually performing after purchase (long-term basis).Thanks in advance for the suggestions 

Setup criteria that outperforms other investments and find deals that fit within that construct.