Personally, I like 3-4 plex as income producing properties. 

Pete with Innovative Basement Solutions is very knowledgeable when it comes to foundations and foundation repairs 

To BRRR it would be more like buy a 30K property, then spend 20K doing reno and then have a house worth maybe 80-90K that is paid off and producing income.If you are looking to do this both out of state and as a newbie, two turnkey properties is a clear winner in m book for your situation

If you just started your business 6 months ago and claim to be able to produce a six-figure income, the bank is going to question your ability to sustain that income - I know I would.Sometimes it can be funny.

Is there some way to get a loan based on the fact that it will become an income producing property?

Sad but funny and true part of the story - most of the farmers end up making way more money in retirement from their cash producing real estate than they do farming.  

If you can build a good profit producing business REI is a great way to maintain your wealth.

SFH prices are driven by home buyers and are as a result too high to produce cash flow.

So you'll see a lot of repetitive behavior like that since innovation won't be well rewarded.

Did my research, found a few sources and built up a portfolio of publicly traded REIT's with a small modest size of around $20K (and growing of course) producing div's.