So it sounds like a no brainer to do a cost segregation.I'm not worried about the cost to do the cost segregation as it seems pretty reasonable. 

When I used to have RE Broker in my title ( I still have the license just dont practice) I would get folks pinging me about Vegas about once a quarter or so and I would hand those leads to my Daughter  she made some pretty awesome connections from a few of those folks that bought multi million dollar homes..

You're certainly correct, this market it pretty awesome, which brings in a lot of competition. 

All indications here are of a pretty healthy market. 

Getting a license is pretty easy.

In Milwaukee the weather can get pretty cold and we want to protect the tenant, but also the pipes in the property from freezing.For that reason we do have a stockpile of emergency equipment which includes electric space heaters.

The first pieces (literacy, metrics) and the following ones noted above are pretty straightforward.

Naturally after listening to this I was pretty skeptical but came to the conclusion that it makes since. 

I also notice that @Gregory Schwartz mentioned Huntsville in particular—I definitely think that it’s a strong market for long-term appreciation.As for your concerns about investing out of state, I think an investment strategy that is as close to passive as possible would be best.A do-it-yourself approach—where you acquire a property, place a tenant, interview a bunch of property managers, and handle maintenance yourself—is going to be pretty tough to do remotely.

I don’t know how 2 people got 3 homestead exemptions but that seems like something the local taxing authority could catch pretty easy.