Thanks Robert - city-data.com looks like it covers just about everything I'll need to get started analyzing.

The way this all works is that all the profit just funnels back into the account along with what I have left after the remodel to cover the land contract payments and expenses.

., the onus is on the contractor to make all the arrangements to get the material to the job; they can't point a finger at someone else holding them up because "you" bought the wrong/not enough material; who pays if they damage the material; if there is a material failure, the contractor isn't likely to cover the cost of their labor to repair/replace if they didn't supply the product; and so on.

There is a low, monthly desk fee, low per-transaction fee and they cover your E&O insurance. 

I know for a fact that my taxes, insurance, maintenance would more than be covered by that.

Trying to cover it all up and masking it will probably be a mistake.  

 $100/month isn't going to cover lawn care and snow removal IN ADDITION to leaky facets and other small repairs.There is no PM support here.  

As Tim mentioned you will want to make sure to find a cash flowing property meaning that your rental payment will cover the mortgage and all other expenses.  

When you're getting within a year of the interest rate increase, consider refinancing as jumbo or umbrella loan to cover all of your properties.

You will be carrying a mortgage on these properties so if you have a vacancy you will have four other properties helping to cover that mortgage until the fifth property gets rented.