So you need analyze it to determine if it helps you achieve or get closer to achieving your goals.

Long story short, the max achievable ceiling height is right around 6'-10", which is 2" short of 7' minimum per IRC..

The wife and I are looking at this as both a long term investment, and a beginning to secure more rent houses/flips to achieve pure financial freedom. 

That was the best case outcome, and we had to finagle numbers and the like to achieve it.

The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”Theodore Roosevelt

Let them know who you are, what you are trying to achieve and see if there is an opportunity there.

The amount of funds at your disposal would be sufficient to build an attractive portfolio that would achieve your goal.

I'm also looking into my home town in the meantime, but I know this forum is focused on the states.Are my goals realistic and achievable?

I hope BP helps you achieve your goals!

Purchasing in markets in which $100K-$125K is target to achieve cash flow.