Most build goals based upon the long term strategy, but buy based upon their short term strategy (cash flow).Since there isnt a politically correct way to say this, I will be a bit blunt.  

Sounds like a title holding trust is a no go in Washington.

I focus on wealth building and doing what I love.

 Hello, I'm looking to diversify and hopefully build a portfolio of rental investment properties.

I'd look at at least 3-4 family lots at a minimum for economies of scale. the price of land in miami is so high it makes single family home building nearly impossible. flips aren't worth it.

Jason,They'll do an estimate of the repairs and you can start with that, BUT I would urge you to get a contractor you trust involved and then they can discuss items back and forth.  

Include your logo or a professional image to build credibility, and make sure your contact info is easy to find.

I'd strongly recommend seeking out other purely passive accredited investors and focus on building real relationships.

The biggest is going to be whether the HVAC is properly sized for the building.

I know the rules for Owner move in state that: "The existence of a vacant comparable unit in the building which is also suitable for owner-occupancy is a factor demonstrating possible intent tocircumvent the Rent Stabilization Ordinance [RAC Regulation 613.04] ".