Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Yes, the Poconos area is saturated but I still believe if you buy the right property in the right spot and you invest in design and amenities, you will do very well.

@Dylan S. seek advise of a CPA, but form an LLC and get a S-corp designation. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

I'm working with a local engineer on finalizing a couple of ready to build ADU/triplex plans that I designed specifically for Oregon for my own uses, but you've got me thinking re: scale in general.  

My husband and brother both have extensive backgrounds in construction, while I have experience in design, so I am very confident that with the updates we would make, the house could be worth over $900k.

Design/pre-plan as much as possible.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

What does getting a NARPM designation do except signal to me that you're a PM willing to spend some money with an association? 

Have you gone onto Zillow and actually looked at the interior pics or the competition compared to your house?