We live just outside of city limits and therefore Coconino county. 

Rising land prices are not that common either, and limited to select areas.  

I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.

Sometimes the tenant just doesn't know about them or their situation limits their ability to apply.

Here is what the IRS says on the subject: Election for Husband and Wife Unincorporated Businesses A business owned and operated by the spouses through a limited liability company does not qualify for the election Only businesses that are owned and operated by spouses as co-owners (and not in the name of a state law entity) qualify for the election.

it does allow you to repair things outside of the home to a limit. 

3) Any specific states you recommend to set up any of these (Not sure where I'll be purchasing property yet, maybe Detroit, maybe Cleavland, maybe Augusta, maybe Des Moines, maybe Saint Cloud, maybe Memphis...)4) I already have a LLC based in Hong Kong (We call them limited companies, but the principle is the same).

Exactly  its why I only respond to limited PM's.

I’ve been in a similar position where I wanted to scale but equity was a limiting factor.

Credit cards have the same limitation on the amount you can borrow and will likely end up costing more than private lenders.