I have briefly looked into Spokane, there are numerous properties at low prices at the moment.

It's the human element.

I'm searching for the next salesperson course to take in my area so I do plan on getting licensed, and I have already spoken with numerous of local real estate agents in hopes that they could offer me some advice.

We added 800 SF and updated all electrical and plumbing and completely renovated with contemporary elements typically not found in historic neighborhoods, such as open floor plan, large closets and master suites (both up and down) and gave the house a modern aesthetic. 

Here is how to do it in any market 1) block must I repeat must be desirable for the area (one or two vacant buildings and no bad elements)2) good property management (treat your tenants like hotel guests)3) buy well high yield for higher risk4) solid construction with lots of upgrades keeps tenants long term.

The definition of all those terms are obvious, but if you're trying to back into a pro forma you're looking at or create your own how do all those elements work together?

Carpet, like many other elements in a house, does need to be replaced periodicallly, like windshield wipers on your car, which is why no warranty on a car will cover things like that. 

I've heard numerous stories on both sides, the ones who fight DNS and the ones who work with them and have yet to hear of anyone beating them one way or another, its best to be their friend.

Is there any other way to structure the deal to avoid these elements?

This site was extremely useful for me and I used it numerous times.