Not to mention that this is typically more time intensive and is more closely related to having a second job, than it is to investing.  

During the process of getting this done I want to continue, and strike while the iron is hot. 

It will be intense and grueling hours (to be successful) but don't let it deter you. 

Looking at my first property and there is a severely intense odor in the basement (concrete) and some slight orders on the other levels of the house as well (hardwood floors and carpet).

The Jersey City area is extremely hot at the moment and will continue to see demand as development continues.

Most important is getting a RE knowledgeable CPA who knows to outsource the calculation-intensive work involved in a quality engineering-based cost segregation study.  

The larger retail centers are more management intensive.

Nashville is a hot market for Rentals currently and it seems like that won't change anytime soon, and I've noticed that people are renting in Columbia and Madison quite frequently.

Market could be hot one week and cold the next just from the nature of the market which could swing your values a certain amount

even suburban submarkets are red hot right now in miami like leisure city, homestead, florida city you can still get infill lots one of the last few places in miami dade county right now. rezoning and variances you can do even better. if you are limited on capital ground up construction and land might be something to consider in miami in these submarkets.