You'd want to be safe and have 750 hrs of solid hours, such as negotiating, closings, rehab management, dealing with tenants etc.

If it ends up being an expensive or time-consuming repair, you may be able to get bids and have the seller escrow 1.5x or of the bid cost to do the work post-close with a signed agreement and lender approval.  

I live in Ninety Six, SC which is close to Greenville.

You will likely need to look at many houses before actually closing on a deal.

24 Hour Closings was the attorney that helped us with this closing.

Residential units are leased until October but the seller is not requesting to keep them and we would have the right to terminate at closing

Hi Ertha,We have been flipping in Toledo since 2014.One of the first companies to do as many deals as we have 👍We get a lot of deals from wholesalers, disposition managers and believe it or not Craigslist.I feel like there is always a deal to be found on Craigslist.You have to have feet on the ground to inspect, be quick and close with cash.The good one's don't last long.Thus the importance of establishing the right people on the ground before investing in a specific market.Wishing you much success

And if so, do you want a tenant that close to you, should you pursue option 2?  

Ive got about 45 days of PTO/Sick/Vacation that is taken for the year so I work approximately 1650 hours a year at that job assuming a 40 hour work week.I am also a licensed Real Estate agent with 2 separate LLCs - General Brokerage and Property Management.Between the two LLCs, I've grossed pretty close to my W2 income.

There are some companies that will lie to you just to close a sale and others that will be honest knowing that individual buying parameters vary among investors.