So buy and hold is a slow snail pace not a 1-2 year, but that is just my perspective 

@James W.From the perspective of a family member giving you money, here is what I would look for:Partnership (Me: Money, You: Work).

Repairs were done at minimum (i.e. new roof, fresh interior/exterior paint, carpet cleaning).  

In addition because you are fresh from the mainland if you need any work done on your property the price will tend to be higher as you will be getting the gringo price.

@Blake Brose  Interesting Amazon perspective.  

From an out of state passive investor perspective (where I will have the property either self managed or thru a property management company) & paying 20% down to scoop up a 325k SFR & have it positive cash flow has been hard.For example in cedar park - zip 78613, today if you want to buy a 300k SFR (5-7 years old) & want to rent it out, I analyzed data of 200 rental properties for last 2 years and found that rent ranges from $1900-$2100 and even with 3.8 interest rate - it is hard to generate positive cash flow > $100 because of high property taxes.Folks who bought brand new builds in 2016 are now doing better as their purchasing price was in 220-260k bracket - but that inventory is all gone.

I ask as I might build one as a lot I purchased isn't wide enough from a zoning perspective to be subdivided for two single family homes (it is 75 feet wide and zoning requires 50 feet width per lot).

@Drew Buckner, Ken has given you a boatload of good information here, so I will skip right to my perspective.  

From an investment perspective on this area, the vacancy rate is very low, rents are healthy (reasonably high, but not NYC/Boston/Bay Area crazy), and the tenant quality is about as good as it gets. 

Some people have different mind-sets and outlooks/perspectives on different things in life.