The vetting process for serious leads may lead to the desired result.

An IRA account is established with a specialty self-directed custodian (think E*trade with different processing paperwork to get beyond stocks) and then that IRA is invested into a specially created LLC.  

If you don't screen thoroughly and have a specific process that you follow every time, you'll end up having tenant issues. 

They can help navigate the complexities of the insurance process, ensure you document losses correctly, and negotiate with the insurance company on your behalf to maximize your claim payout.When interviewing public adjusters, ask about their experience with similar rental property fire claims, references from past clients, and their fee structure.

Wasn't really planning on using an agent but he had showed me a couple deals and so was happy to go into this with him.

How well would someone accustomed to living in a dilapidated house maintain it during the sales process?  

Before signing a lease agreement, conducting a thorough screening process can help mitigate potential risks and ensure you're selecting reliable tenants.

My plan will be to purchase a vacant land with cash and finance the home build through a private money loan.

Also keep in mind you want to have this new PM involved in your purchase process. 

Question: I was planning on closing the business.