Then, somebody has to dig it up and trash that.No idea on hook up. 

Just wondering if anybody has any insights on the area and if there are any real Estate Agents/PMs that could give me an idea what rent I could expect from a 5BR home. 

Have you confirmed that it is or can be properly entitled to permit the project you have in mind?

If you have any idea I’m willing to chat. 

Then I'll be able to sell the house and use the money to BRRRR OOS.I'm also in the learning phase and want to gather as much information as possible to properly develope my risk register.

The plan is to have several months of expenses set aside for the initial ramp-upI do like your idea of having everything lined up and to be ready to pull the trigger on things as soon as the license is active! 

Don't be a pushover, How to properly vet a tenant, make them pay the house call fees, and do a monthly check and pest control if you manage it yourself to insure the home is being taken care of.

If there is no lease in place, most states would work as if it was month to month tenancy, so that when you take ownership you could decide to make changes or oust the tenant etc with proper notice (in most states).

Yes, HMLs are higher in interest rate on average but if it allows you to get the job done and stabilize properly I don’t see a difference between HML and a private lender.

The click lock may fit together tighter, but if properly installed there should not be big gaps on glue down.