Lastly, you will have to be honest with yourself about your property and where it fits interns if location and condition with the other comp properties.When it comes to asking for 5 times rent, I think you mean  making sure tenants have income 5 times above rent amount.

Osceola County is much easier and a lot of homes there fit communities that were built for this type of investment. 

In pre-development, I intend to create an attractive design that fits the neighborhood, submit plans to the city and have all the approvals at hand to begin construction.

As @Taylor L. mentioned, it's important to always do your due diligence to research any team you are considering working with along with the markets & investment opportunities to ensure they fit your goals/criteria. 

What I mean is: yes, you can refinance your loan as many times you want as long as it fits your budget and your investment goals, but there is typically a requirement of time in between refinances. 

I upload those lists into an online crm called ClientLook which allows me to see if owners (or llcs) own several properties which increases your chance to find an owner that fits your cold call or mailer.

Significant expertise in those areas will likely be prerequisites for a deal like the one you described.Generally, it's a smart move for beginners to start with beginner strategies (like a buy and hold LTR, or house hacking a single fam or small multi fam property).For a beginner, the deal you described is sort of like trying to ski down a double black diamond the first time you ever put on skis--the chances of disaster are very high, and the chances of success are almost non-existent.Give yourself the highest chance of success, and minimize the chances of failure by finding a strategy that fits your level of experience--if you're a beginner, don't try to execute a highly advanced strategy.

I am a highly organized minimalist: I take meticulous care of my environment, and can fit most of what I physically own in one backpack.

My understanding is if you are buying it for investment and it is real property it fits the bill.

I think I would genuinely enjoy hiring contractors to fix up a home in a vision I see fit; and of course I would enjoy the profit off the sale of those flips.I have a decent job working as a government contractor in the IT field, but I have a dream to be able to leave that work and go all in with real estate someday.