whats traditionally referred to as "DSCR" loans are not going to be eligible in non-state territories unfortunately

@Tove FoxInvesting out-of-state can be a great way to tap into affordable markets with strong rental demand and solid returns.

What happens to the 'comparable value' if the area is uninhabitable or a community that won't return for years? 

In return, they will be motivated to get a job and pay back every dime owed while lavishing you with praise.

Hey ScottWe are primarily in the Tampa market and notice our larger homes that are non pool suffer as well. 

If you want low, safe returns that are truly passive, invest in the stock market.  

Another note on construction cost, going vertical is very expensive now and would require have a great connect with a developer and a builder in the area.See what rents are in the area and run the numbers to ensure the rents will cover your costs and give you a solid return—using the 1% rule can help.

Does anyone have a template or method that they use in order to screen tenants effectively in order to reduce the risk of non payment and damage to the property? 

States that are non-disclosure don't have as much public information and Zillow doesn't have access to non-public info for their analytics. 

Contributing to a Solo 401(k) or SEP-IRA can reduce taxable income, and Section 179 or bonus depreciation lets you deduct equipment costs upfront.