With regard to the fees that is much less expensive than a Delaware Statutory Trust where fees can be upwards of 20% which is totally unacceptable unless you have absolutely no other options. 

I'm giving a reverse example, as in I will show how my credit score dropped 59 points in one month because I forgot to do my "trick".The trick is to pay off your entire balance the day of your "statement closing date". 

I'm located near Great Falls in central Montana.I have been self-employed for about 4 years and love what I do, so my goal is to build total wealth long-term, not to maximize cash flow for FIRE/financial freedom in the near-term.

For loan balances under $200k, you are better off going DSCR with a 5 year prepayment penalty and paying 2 total points on the loan (1 point is 1% of the loan size).

Overall, though the cash flow in my market may be lower, the strong appreciation has made for a higher total ROI and I've continued to buy here. 

Usually, I would say this is a lot to bite off, but you are young and already have a single family so you aren't a total noob. 

I totally agree about diversification.

The total linear feet would be around 120’.

Rehab should only take a month so I'm thinking 3-4 months total.

Income Late fee Gross rent Expenses Advertising Cleaning Gardening/lawn mowing Insurance Interest on loan(s) property tax Legal expenses Pest control Property agent fees/commission Repairs and maintenance Water charges Electric Bill Total expenses Net rental income or (loss)