Land trusts have many asset protection benefits and can be a powerful addition to your asset protection plan anyway--yet this use is still not as widely known as it should be.

An old mansion 5beds 3.5 baths that had an old oil Fce with an under powered blower & lacked cold air returns in all rooms so it was not efficient at all.

Land trusts have many asset protection benefits and can be a powerful addition to your asset protection plan anyway--yet this use is still not as widely known as it should be.I know many investors in the Chicago area who use this method, so that wouldn't be an issue.

You should have enough power to do it now.

Snow birds I found in my experience to make frequent maintenance requests which turned out to be non issues like not knowing how to use the AC or TVs but costed me money and they ran up the power bill.  

Obviously- if you have private money on your side, that'll add rocket fuel to your  buisness.

I assume the power lines feed the house?

I am very handy and have done one "live in flip" which gave my spouse and I the funds to adopt our first child (this went a long way to show the power of real estate investing to my husband).

Finally in the realm of being able to lay down all cash and flex some buying power... the single family could be had for maybe 50k, put in 15-20k in rehab and rent out for ~$1,000/mo. 

Paint ext/int, paint cabinets and new countertops, new appliances, new floors throughout, sand and repaint a large deck, contingency set aside for pool, power wash roof/clean gutters, new front door/back door/leave slider, new lighting and plumbing fixtures throughout, as well as all handles, cabinet pulls and so on..