What are the largest pitfalls one may run into that turn this from a 150 to 350 ordeal?

I find that it's almost a one stop shop in that I can use it for my business checking and savings accounts, bookkeeping, for rent collection, I can issue virtual credit card, I can create all the financial reports I need to run my real estate business and prepare for tax filing and through their partners I can vet my tenants, develop state-specific leases and more.

Dodging Toy Shop RulesIf you run a shop (have a license), you’ve got rules.

Buying a new primary residence has nothing to do with the capital gains exclusion.It is when you go to sell the new house down the line you'll run into a problem.

A property manager that can assist with rent collection, tenant screening, maintenance, and run an online ledger for us to track expenses.

Depending on the price point, they may already be running targeted ads in cities/metros for buyers that may be looking for a second home/vacation home.

On top of that, the water pipes are on the ground, which is not allowed; they should be run inside the walls.

However, someone brought up an idea that i wanted to run by this group. 

I figured my network of people I help/work for, will help in the long run. 

I noticed the market was shifting, so didn't run to get under contract until day 43 of the identification period.