He ignored these requirements and he went straight to the County with the same paperwork and the county approved the subdivision; therefore he was able to sell 5 of the 6 properties to different investors.

Sellers typically  become motivate when they cannot sell the property due to price, defect or simply bad market fundamentals. 

I'm a real estate agent and investor in the area and would love to connect!

Are there lenders that will do a cash out on a property with no mortgage?

From a 10,000ft view (if it was a real investment property) $29k profit (24% ROI) over 5 years is pretty slim.

A real estate professional can use real estate losses to offset W-2 or other income, but you would need to meet both the:1.750-hour rule – You must spend at least 750 hours per year in real estate activities.2.50% rule – More than 50% of your working time must be spent on real estate.Since both of you have W-2 jobs, it might be difficult to meet these requirements unless one of you dedicates significant time to real estate.Another option could be buying multiple rental properties.

@Derrick E.do you mean property taxes?

I have invested remote properties for buy & hold in GA, I’m wondering if it’s possible to manage on my own ?

I got interested in real estate investing last year and since then have read several of the BP published books on real estate.I still have a lot of unanswered questions floating in my head but my goal is to buy my first property and some point next year. 

We created a there--step framework for investors to be able to invest passively in any type of real estate.