I spoke to the local fire chief.

Hey John, welcome to Sac BP -- I'm a local broker and property manager, we manage 100+ Airbnb listings and generally recommend investing in Multifamily as opposed to Single-Family.

I would call your local property appraiser office and ask about the criteria for appealing, because you may have to wait until next year when you receive the TRIM notice.

Starting locally with multifamily and house flipping is a solid plan.

Residential subdivisions, while potentially less complex, can be hit-or-miss depending on local housing trends and the cost of infrastructure development. 

If you are going to have a company manage your property, I would recommend you find someone that is local. 

Check your local/state law.

Laundromats are open to the public, and if the local neighborhood has a high crime rate and transient population, those can be potentially expensive problems that can affect your business.

Why not just hire a local real estate agent to handle leasing? 

network with local agents to see where they took theres. but not much to it but go with who you feel comfortable with.