Fixing the self created, and self limiting problems is the most valuable, because these are the simplest problems, and the ones that will have most impact on your ability to help other people fix their problems.a good credit score is reference that you can properly manage resources, without it, it's hard to convince someone you have that skill.

It would be great if it could turn into a business that I will be able to run and leave my current daytime office job (target is within 10 years).

A flipper wants to buy in an area that it is desirable for home owners now, so they can sell quickly and for top dollar after they finish their rehab, a person looking to park wealth usually targets well established areas. 

Here’s the formula:ARV x 70% - Rehab Estimate - Closing Costs - Holding Costs = MAOI use 70% to determine my All-in cost Target.  

What I would do and recommend is that you use the 2nd scenario to improve your negotiation position, get a massive concession from the seller (hopefully) and then take a more resourceful and nuanced approach with a mudjacking type of solution if it is feasible, etc. 

When we were looking 2 years ago, buying was an option, but the market is too hot right now for us to afford.It's a challenge locating a promising place while not local to the property, and that's why I'm turning to a trusted resource - BiggerPockets!

I'm currently focused on 2-4 unit, buy & hold rentals in the Dayton, OH area, with the ultimate goal of building an income generating portfolio that allows me to say goodbye to my career in financial planning & analysis.BP is an incredible resource, and I look forward to connecting with other like-minded individuals! 

I'm thinking of targeting the most delinquent in the form of a yellow letter, with a picture of the home printed on the envelope in efforts to boost open/response rate.

We see couple properties with FSBO (cash only so we are thinking of buying with cash and re-finance to pay back to the whatever the initial money resources) but not sure how to go from here...

Just make sure you pay attention to other variables, like how fast the immediate neighborhood is improving, what shape is your target property in and is it attached to dependent property, etc.