Please note that if the soil is too contaminated that you DON'T want to purchase (because then YOU now own the liability and the problem of dirty dirt) but not so contaminated that it can't be used for other uses besides residential), portable Self Storage Units on a very long land lease, might be an ideal scenario.I've seen this a few times. 

Ideally, I would like to buy a home.

It's difficult for sellers to find the ideal list price exactly.

I’m looking to earn some real money on the side (10-20 hours a week), ideally real Estate related but not limited to that.

Ideally I would balance them with both properties and have short-term during the peak season and midterm through the winter.

As a buy and hold guy I am looking for greater security than a wholesaler or flipper might have seeing as they are going to get out of the property, ideally before it floods, and I want to have the home kept nice and safe and dry for a long while.

Ideally, I'd like for my wife to transition over full time to our REI business first, then I would like to follow suit within 5 years or so.Looking forward to networking and learning with some of the best here on BP!

Not ideal for a flip

Second Is What would be your ideal outcome from the situation?

I am located northeast of Houston and so would ideally like to find a deal in the north/northeast portion of Houston.