These properties may never have positive cashflow unless you're allocating enough for expenses... and not even perfect property management (which doesn't exist) can fix that problem.

I want to sell a house for $100k and the buyer has agreed and is pre-approved for an FHA loan at that amount.

These associations often have meetings and events where you can learn about the market and find potential deals.Public Records and MLS: Look into accessing public records in your area to find properties that might be in pre-foreclosure, foreclosure, or are tax delinquent.

I was able to move an existing tenant from an older less expensive property into this one and increase rent.

It seems like the previous owners or manager used a piece of metal to cover up that leak since the metal was rotting of water.

You cant find an existing home for sale for same price that doesn't need extensive work and that comes with same assurances, let alone a brand new home, furnished, with amenities such as pool, gym, taco bar, steps to ocean, shops, and the sound.

We bought a pre-construction house where we're moving to but that we intend to rent out after a few months. 

There's a lot to cover with your questions so feel free to reach out, plus we offer complementary STR analysis. 

I have the funds in cash to cover the cost of the builds in a high interest saving account earning 5%.

No exceptions.Poor Credit/No Credit: This depends but we will do double the deposit or pre-paid rent etc.I know every state is different but we find that if we make sure the tenants getting into our parks have a good history the park runs a lot better.