It's a two story, 3bed/3bath that's within walking or biking distance from many restaurants and shops in Coral Gables.

I work in Midtown so I am trying to keep my commute close to 1 hour. 

BP has a book on long-distance investing, and there a few players in your area who are doing this successfully.

Do that several times to build up capital, and then start buying modest rental houses within a one hour commute. 

You should read David Greene’s book on long-distance real estate investing and then start networking with Realtors and property managers in Austin.

We know that working with pre-foreclosures can present unique opportunities to create win-win situations for the seller and investor alike.What do you think are the best practices for hunting down pre-foreclosures (especially during this time of social distancing in 2020)? 

Less commute.

David Green's book, Long Distance Real Estate Investing, as well as Jay Scotts The Book on Estimating Rehab Costs are good resources to read before you start. 

New leasing activity continues without interruption, as the Company’s proprietary Let Yourself In℠ technology provides full functionality for prospective residents to tour homes, submit applications and execute leases while following social distancing guidelines, resulting in an April 2020 Same-Home portfolio Average Occupied Days Percentage of approximately 95.1%.

You'll get amazing insights into where people work, what companies are moving in or out (therefore, bringing jobs), info on traffic and commutes, etc.