It is incredibly difficult to get good renters for a house of this size ... because the rent is high(er) and the utility bills are hard to handle.  

Also, on the iPhone 6 or 6 plus the keyboard grows to an abnormally large size (which normally means it's formatted for the 5).

.$150k cash once current rentals are soldLooking to build in an area where land is approx $450kAverage house size in this area is 3500sfAverage sale price of houses in this area is $500/SFI have a day job in the construction industry and would build this house in addition to my day job.  

1.AHH I see,it was so obvious that I missed it.2.I keep seeing that its considered unlicensed brokering/frowned upon and some have been called out on it,thats why I wasnt sure if it was even legal.3.Too late,I already own and live in a sfr(though your way was originally the plan,we were discouraged by lack of affordable,decent sized multies in my area and eventually bought a sfr)I kick myself EVERYDAY about that and its been since 2008!

Increasing my marketing efforts will result in the need for more everything but I will really need help screening callers.

They hate landlords and see them a turnip to squeeze, the neighborhood sized cities are like little fiefdoms, and many cities require landlords to pay expenses directly like trash and sewer. 

Home prices range from $40k for a 2/1 rancher that is vacant and needs full restoration to $400-$500k depending on size and location (some riverfront, no private docks).

Cash Flow, Income and Expense, Commercial Enhancements and various complex equity waterfalls and many factors requires reasoned professionals to "size" up.

Also, try to screen people on the phone, try your hardest to get tenants on the phone.

This is what I envision:Step 1: Find Property worth buyingStep 2: get financing for said project and do rehab to create equity ( 3 year term)Step 3: Find tenants that want to do a "rent to own" situation on a 2 year lease termStep 4: screen tenants and collect "money down/option payment" (somewhere in the realm of $5,000 and negotiate purchase price and get contract signed.Step 5: Hold the note for the 2 years and collect rent payments until tenant is ready to exercise, if they don't then sell the property for the appreciated value straight up and collect the equity.does this sound like a valid strategy, and if so can anyone provide me any insights into any potential pitfalls?