Hence I'm starting to look further out of state as a pure rental play.

Try the following structure: 10% of equity; 40% of mez and you're getting a pure construction loan at quite affordable rates.

The sale is already done and the redemption is purely one last ditch effort/opportunity to take the property back from the foreclosing entity/buyer for the amount that it was foreclosed on and nothing less.

I strongly agree that the expense in time, gas, and maintenance will far outweigh the advantages of owning the property that you would be much better living on base, if possible, or renting as cheaply as possible until you have the money saved to buy a property purely as an investment property.

I say this because your job is probably too small to warrant the extra expense of hiring a GC who is purely a project coordinator/manager.

@Matt Shields ,Quit-claims are regularly used for estate planning and other purposes, and I think it would be tough for a bank to truly clear the "due on transfer" if it were fought, if those were the pure reasons.. 

This was before online marketing and bandit sign popularity...Just pure hustle and desire to succeed.I currently have a website, facebook page and other networking platforms that I market on.

In Portland I was talking with a Lux builder and he said it appears the floor on the lux moved off of highs by 10% to get sales this fall ( he has two in contract)  so 1.5  sells for 1.350.. but in those markets that all pure profit he is losing.. but still making money.. 

I don't know one person who has invested in these markets that did so on a pure cash-flow basis over the past 5 years.

We also buy pure rentals when the number works. our market is class A properties managed all over the country as "home" is only relevant to the current set of orders.Definitely check out the podcasts, blogs and forums.