What are some great t (even if they're crazy) strategies for building the real estate empire with 250K if we could go anywhere and were will to do anything?

There are far more important items you should be prioritizing but first so I am clear on the strategy, it sounds like the business plan is to go under contract, renovate the building and then purchase the building once renovated and stabilized?

Developers build them.

I want to be more confident when reviewing loan documents.

Security deposit is Refundable.I will like you to drive by the House today to view it from the Exterior of the building if you will like it..I will like you to get back to me asap if you really interested in my house for rent for the Application Paper work to fill out soon...Awaiting to hear from you...

If they are insuring the property in its current state, it's likely that a new buyer will also be able to obtain insurance without trouble.As for the mortgage aspect, the key factor will be ensuring that the house, including the patio "room" and its roof, meets all local building codes and standards.

The cost will go up substantially if you decide to expand the building footprint and roof.

Out of state is also an option if you have the time and energy to build a team to support you. 

I realize many here don't live as close to your buildings as I do, mine are all within 5 miles, but for those of you who don't live far from your properties, how often do you drive by?

I always like recommending David Greene's Pillars Of Wealth book as a great foundation for you to build your real estate portfolio on top of.