I still have plenty of reading and podcast to cover but am looking to use my time as effectively as possible and somehow think that taking the license route will help build a better foundation to build on.  

You will get plenty of feedback.

It may not be possible to do what we do, in Fla, I am not sure, but I have been told plenty of times its not possible here, but we just do it anyways.

Consider inviting Bill Gulley over to add some flavor to the show:)

My terms have been under 5% but unfortunately the bank I am working with only does 15 year ammotizations rather than 20, but there are plenty of banks and some I have worked in the past that will provide 20-25 year ammortizations.  

I'm sure there are still plenty of schools there.

The potential problem that could arise is that your buyer could have an issue, call contractor, have the contractor fix it, and then tell the contractor to send you the bill -- all without your input.While -- in my opinion -- there are plenty of situations where it's reasonable that you foot the bill for a renovation item that wasn't done correctly, you would much rather those phone calls go through you than directly to the contractor. 

See if you can find a local property manager, invite them out for a cup of coffee & get their opinion on different parts of your local market.  

I've seen plenty of houses have their foundations repaired. 

Here in Florida there are plenty of neighborhoods with houses without association.