If you go for a single family home, you are relying on debt / income solely for that new mortgage, however if you go with another multi, you can use some of that rental income to qualify for a larger mortgage, and ultimately a larger property.I'd be happy to chat, I am a local realtor in Fairfield County.

DO NOT, I repeat, DO NOT use any debit or credit cards you rely on. 

In the much more common exemption from registration, was it an intrastate exemption, a Reg D filing, or did the offering rely on the general exemption for private placements?  

@Vamseedhar Vuppu Most of my out-of-state clients rely on video home tours & video calls to run through numbers.

You can use it for any business you can imagine, as long as you understand the accounting principals associated with that business and how it all works together.In QuickBooks, you can set up projects for each flip and keep track of them on the balance sheet - where they belong - up until the moment of sale.If you don't have a lot of accounting knowledge and are relying on QuickBooks to be intuitive, then you are going to be VERY disappointed. 

Most of my adult life was spent working as a Firefighter/Paramedic.

I do not think that it is required .. but in our Property Management Company both myself and my boss are licensed realtors but we do not compete with realtors as we rely on them for referrals of Investors.  

Before you buy, make sure to get the latest rent roll (a breakdown of what tenants are actually paying in rent), the tenant ledger (which shows their payment history—whether they’re paying on time or carrying a balance), and of course, a copy of each lease agreement.Too many investors rely on what the seller says, which often doesn’t match up with what the tenants are doing.

Which if youve done flips , but not commerical multi before, you wont miss much,  however a 6 fam is a commerical code permit so there are slight variations between the residential code for essentially all trades which if you dont have a detailed plan and you dont double check every code before you do anything but rely on cheap labor to do your due diliegence for you, what could go wrong ? 

I'm helping an investor right now who has been living out of state, and has been relying on his "handyman" for all repairs and such.