Reach out to Realtors in your farming area and set-up different searches for MF properties that match your criteria.2.

You can make a good income, but it requires doing your research and making sure that the investments match your risk profile, portfolio and your goals.

However, it is too expensive and the timelines never match up to fly back and forth. 

If you are young and/or reasonably healthy, and working at a job that offers a Health Savings Account (HSA) with a high deductible plan, your order of tax sheltered savings should be: 1-401k up to the company match limit; 2-HSA up to the annual IRS limit; 3-overage in the 401k or a Roth, if you have extra cash.

You can usually use that new rent as income if you have a history as a landlord (rents collected show on tax returns) and have a lease on the new property with proven record of deposit, first month's rent via cancelled check, and bank statements (two months of the account will be requested... naturally rent/ deposit must match the terms of the lease). 

I was thinking to stick with more of a beachy architecture to match the neighborhood.

My ultimate goal is ambitious though not unique to BPers: I'd like to be able to have my passive income stream match the income I make from my day job.I look forward to being an active member here and meeting everyone.

let your PM run it. during that year, you never know what could happen, make sure you have a RFR in your agreement, if you do go along with it, this way if another buyer comes along you can present the offer to him, if he can't match or do better, you can refuse his offer and sell it to your new offer you got. best bet is to consult with your Attorney and have them read over any agreement. there is a lot of risk on your part there. 

Your best best is to setup a search and save your criteria so you get the email alerts of anything that matches your criteria. 

Remember the lawyer who was implicated in terrorism because of a false fingerprint match?