Looking online GC liscense seems to be a pretty reasonable process to achieve??

Congrats on everything you have achieved so far!

As part of that equation, you have to have a plan for financing otherwise, you won't know what cash flow you will be able to achieve, as that is a function of the interest rate and amortization period. 

[Yes, I see that their 5% deposit would be less if the purchase price was less, but, the same result could be achieved if you kept the purchase price much the same, while changing the deposit percentage!

I think it makes sense to go ahead and build relationships with local banks since they can be important partners in achieving your goals.

The only way to achieve this outcome would be to elect C Corp tax status, but now you have the problem of rental real estate inside of a corporation and expose yourself to double taxation. 

So glad you're already plugged into the podcast - it's been a huge source of education and inspiration for me and my husband in our REI careers.Best of luck to you in achieving your goals and I look forward to following your journey!

I've seen other posts that suggest conducting an ARV analysis to get this answer, but I just don't have enough experience (or confidence) to trust the results that I would achieve.

In the end, due to the "great news" they found, they ended up not installing an overhead sewer line or digging out front to attach the downspouts to the mainline in front of our house, but instead, redirected some of the existing piping and doing an edited version of the proposed plan that more heavily used the intact mainline under the house.The end result has seemed to be a resolution to the problem (so the ultimate purpose of the work was achieved), but with what I would estimate to be about 50-70% of the total proposed work.

I truly don't think there are that many "bad" markets if you have the right goals for that market, and a realistic understanding of how to achieve them.