There is nothing wrong with either approach (full rehab vs targeted based on immediate need), but it is important to know which level of rehab has been done on a unit you are considering purchasing. 

In the March report, sales stood at the highest level since 2006.

@Christopher Lee to my knowledge this is not a common thing, it may be that being based somewhere else allows larger cases to be handled in courts in states more favorable to landlords, but most cases (if you have any) will not rise to that level and likely not be worth the additional fees of setting up and maintaining the structure. 

@Danielle Bennett It'll vary based on your experience level and how badly you want a deal. 

Do one thing and do it well, there is too much involved for you to do both at the level you would need to gain and retain clients. 

As Americans, we want to be able to do everything we want to do but don't need to do (eat out, buy expensive clothes, have an insane car payment).

At the moment I’m on track to buy 2-3 properties a year but it sounds like my income level is significantly less than yours.

I don't deal with renting RV's on the personal level, just working in the RV Park business where RV's can be rented within the park setting.  

I've also seen square footage of finished sunshine basements and even the lower levels of splits (where the lower level starts about two feed underground and all the windows are above ground level) not counted as square footage.

I'll actually need $275k to get the project done and the guy I had hired walked off the project during the beginning of COVID and basically isn't coming back because he's so busy with more lucrative business.At this point, I'm not sure if it's worth it to sell at a loss ($40k loss), or wait until lumber prices come back to 2018-2019 levels and just pay Property Tax on the land until then, or just spend the extra $100k to get the duplex built with a different builder and call it a day ....