The caveat implicit in my advice above, is that you need to have something to do with the money to invest to earn a good yield that you are comfortable with the risk of..

Yes those numbers are correct, but there are some details in this deal that are out of my normal comfort range.

Make sure it's in rentable condition (or find out what it would take to get it that way and adjust your offer accordingly) and if an SFR make sure it matches with other houses in the area (i.e. don't buy a $200k+ house in an average $100k community).Also, please be comfortable with where you are.

Just a couple examples.If I were in your shoes, I'd probably start by trying to talk to the neighbors.

But then I'm personally not comfortable without a cushion.

It seems to me maybe go all the way with the Reg A blind pool and also offer the Reg D 506 (b) approach for folks that are not comfortable unspecified projects?

How long did it take you to get comfortable with "scripts"?

As such follow what ever path you are the most comfortable with to meet said goal.

You might consider renting until you feel comfortable with the area and then decide which towns are the most attractive to you.

Feel far more comfortable investing in my backyard.