I'd like to add that for anyone else wanting an to convert their primary property one day build good relationships with your neighbors in the mean time.

@Bart Lucas a rent to own option is a unilateral relationship (not bilateral).

This balanced approach meets your financial goals, diversifies risk, and aligns with your preference for conservative real estate investments.This post does not create a CPA-Client relationship.

Budget $15-$20k for a rewire.To take it a step further, if you build a relationship with your subcontractors they may even teach you how they estimate so you can repeatedly build a robust estimate completely on your own.Excluded from the above is foundation issues & outages in the framing (often caused by foundation issues).

I've read that this business has a lot to do with relationships to get the supply. 

In many cases, it takes a few years to really start seeing any appreciable cash flow, but it is the relationships we make, the learning and overcoming challenges and obstacles every day that is the true rewards in this business.

Be careful of investing based on existing relationship.  

I would not overthink this, but would start by building a solid professional relationship with your tenants.

This post does not create a CPA-Client relationship.

The best deals definitely do not come from wholesalers, they come from relationships.