- My first goal is to buy and hold up to 80k passively to match my employment income.- I'm interested in investing in a local franchise and being very hands on so as to hone skills,  network etc (S, B quadrants)- I initially let youtube pick the order of the BP podcasts for me so I quickly stumbled into the Grant Cardone session.

My part time job is giving them pre-employment drug screens before they can start work. 

This is why Memphis is such a dead dead dead market along with so many other rust belt zero job growth cities.Learn how to sniff out where employers are moving, opening up new plants, divisions, hiring, then buy rentals in the path of that progress. 

Would I need to wait until we closed and I moved into the house to give my 2-weeks notice to my current employer?

For purposes of this section, the following terms have the meanings given:(1) "court official" means a judge, referee, court administrator, prosecutor, probation officer, or victim's advocate, whether employed by or under contract with the court, who is authorized to act on behalf of the court;(2) "qualified third party" means a person, acting in an official capacity, who has had in-person contact with the tenant and is:(i) a licensed health care professional operating within the scope of the license;(ii) a domestic abuse advocate, as that term is defined in section 595.02, subdivision 1, paragraph (l); or(iii) a sexual assault counselor, as that term is defined in section 595.02, subdivision 1, paragraph (k);(3) "qualifying document" means:(i) a valid order for protection issued under chapter 518B;(ii) a no contact order currently in effect, issued under section 629.75 or chapter 609;(iii) a writing produced and signed by a court official, acting in an official capacity, documenting that the tenant or authorized occupant is a victim of domestic abuse, as that term is defined under section 518B.01, subdivision 2, criminal sexual conduct, under sections 609.342 to 609.3451, or stalking, as that term is defined under section 609.749, subdivision 1, and naming the perpetrator, if known;(iv) a writing produced and signed by a city, county, state, or tribal law enforcement official, acting in an official capacity, documenting that the tenant or authorized occupant is a victim of domestic abuse, as that term is defined under section 518B.01, subdivision 2, criminal sexual conduct, under sections 609.342 to 609.3451, or stalking, as that term is defined under section 609.749, subdivision 1, and naming the perpetrator, if known; or(v) a statement by a qualified third party, in the following form:STATEMENT BY QUALIFIED THIRD PARTYI, ....................

I am wondering what strategies I can employ to get a loan for a rental property I am looking at.

Furnish it like you would with a STR, but find gainfully employed tenants such as travelling nurses, project managers, visiting professors and such. 

He may have been talking about savings on self-employment taxes, although I'd question how he's coming to 'reasonable compensation', which he'd have to use in his calculation of tax savings. 

Lots of time spent showing properties for rent, processing applications- running credit checks and verifying employment, We are not on call 24/7, but if ther is an emergency, the tenants have a number to call which is our local plumbing and water remediation Company. 

In our area, the largest employer Apple did not even have layoffs.