Quote from @Pierre E.: I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula.

No such requirement for improving rental properties and deducting interest on Schedule E. 

Did you try meetups and Facebook Groups in NaplesExample there are few ones here in Naples which are freehttps://www.eventbrite.com/e/likeminded-naples-real-estate-i...

It fills out your Schedule E to send off to your CPA every year!

These are rural counties so I was not expecting to get this back so quick.. my client e mailed me Tuesday we negotiated the deal ( bare land) I open escrow yesterday .

And if someone clicks to schedule a showing it has a form to capture there information that goes into a crm that then starts a "prospect tenant" followup campaign including response text instantly to interrupt there search knowing we got there request and check there e-mail where we send followup information, links, directions etc etc. 

If you are sole member LLC you just take a distribution from your business account to your personal account.You are likely already reporting the income on a schedule E.

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 

https://www.redfin.com/OH/Cincinnati/17-E-Mitchell-Ave-45217...

I will do e exactly how you said,  will wait and study.