That I would like to stay away from if it’s possible  I think 80-85% is going to be hard to find, especially with the low price points. 

I think for many this is a good starting point.

I think you should first have an independent inspection of the property done.

A regret I and many other Gen Z parents I know have is that we didn't think of buying land to build a compound for our young adult kids and their friends. 

I don’t think this is correct if it’s an inherited IRA.

With my dreams of controlling a rental property next to me dashed due to poor home structure I started thinking this building used to be a home so why not flip it back to that and make some money off it!

This can be a good option, but, of course, it will depend on how much your current property is worth, whats your mortgage and other expenses on it and how much rent you think you can get on your current home.

I think it's always important to check with the specific city or town that you are looking in as each can have different rules/regulations on LTR vs STR

Labor costs for skilled labor vary across the country as well as with the age of properties so I think you would want very local data to use. 

so they 'hear' a neighborhood is good, and then they 'hear' a property is OK, and they think they can rely on what they heard.