Go someplace with live in person training. 

Put together a team with a real estate person, someone to look after your property, loan officers, builders, and bookkeepers.

We personally pull our specific criteria lists for residential tear downs for development from Remine and Realist (We have access to both as licensed realtors in NJ for free).

Personally, I dont get the "BEWARE of KATRINA" sentiment that's out there.Hurricanes happen.

This is DR Horton SFH, and is a newly built single story 4 bed, 2 bath that is surrounded by expensive MI homes. 3) Move into the townhome. 4) Use my $130,000 HELOC as an emergency if rent defaults do happen and save for a year until I reach my emergency fund goal of $41,000? 

Specifically, how to go about managing unrelated persons living together per county or city ordinance and lease structure. 

Is it true that you have to attend the auctions in-person and cannot buy online from another state?

There's a difference, and that difference is how they benchmark cost of funds and interest rate risk from a balance sheet capital perspective. 

But I also spent a lot of time learning before I did my own projects and had time and funding on my side.

. #2 because most property managers are too overwhelmed with the volume of units they manage to give you personalized, meaningful service.