That much money would change my life, allow me to possibly attend one of those courses where "for an additional amount of money" they help set up your LLC and give you access to their stream of lenders, etc.

Ideally, land has easy access to water, sewer, electricity, but not a hard requirement.

Do you know ARVs or have an agent with access?

If you are late in the cycle for several of these, you'll want to have access to some amount of capital that will be sufficient to float the inevitable replacement of these items.  

Be willing to split the profit very favorably toward the partner until you've proven yourself and built some capital to put some of your own skin in the game.For a presentation you would also want to provide information on what teams you have access to--do you have an agent with expertise in local neighborhood pockets, one who will sell for 1%, do you have crews, someone bringing you wholesales, etc?

Home Inspections twice a week (you know, one a insect inspection, one for water intrusion in the attic, one for water damage to the cabinets, one for measurement to fix one door, one for a second option on the first repair's quote, one for remeasuring the door, and all the same for the other door...again, one for an upgrade estimate on the... um bathroom yeah that's it, one for a roof inspection that needs access to the attic, one for... well you get the point.

You will have access to the MLS but that also costs money for NAR and local Realtor Association dues.

The lender/underwriters will have questions about your intentions to actually owner occupy on the FHA loan.As for team: many of us agents have great lenders and contractors, I can connect you with a good PM as wellAreas: LOTS of areas that you cant go wrong, I really like southwest denver for affordability and access to downtown. 

You own the property and have the right to access the property for health and safety reasons.

If you don't have access to MLS, go to redfin, filter on recently sold, type in your zip code, search and then adjust sold within last "month, 3 months, year" etc.