Last year January MN enacted the biggest # of changes all were added details and raised the bar of requirement for Landlords, including some specifically detailing how a listing must be detailed.

Jace, what specific areas are you investing in?

Decided to grab another one there since we've already built out a great team and the lift to get it running will be light. 

You have to factor in demand and vacancy rates to determine if it will be more profitable, and that’s specific for each market.

You will need a team of people to work with, including contractors.

Our Wisconsin RECR form is asking very specific questions which seem to vary state by state.

You will not have the rate long enough for it to interfere with your current and proposed profits.This is where having a good team comes into play for example having a seasoned realtor who knows the market on the purchase/ARV side.

If so, it would make sense to figure that out first before deciding on a specific area.

I cold call and go direct to the seller and I have a 3 person team that pretty much just calls all day long for me.

That plus his willingness to communicate with anyone who asks him questions and his team are very  praiseworthy.