@Nicholas A. your shotgun approach has a high probability of getting the exact quality you put into it.95%+ of real estate agent, many of them posting they are "investor-friendly", only know how to deal with owner-occupied transactions. 

Old post but I figure I would comment here... my Company, Maven Cost Segregation has done studies on projects like this.

Here's a post I made on "non-conforming" vs "illegal/unpermitted", understand they are NOT the same thing.

This post does not create a CPA-Client relationship.

The data @Devin Conley posted is pretty solid from my experience (I do not know Devin nor how he sourced the data, just going by my own investing experience).  

Setting up an LLC may allow for deductible expenses, and investing in municipal bonds could provide tax-free interest.This post does not create a CPA-Client relationship.

Off course the rates were hiked 2 times since the post.   

A Roth IRA Conversion lets you convert funds, pay taxes upfront, and withdraw contributions tax- and penalty-free after 5 years, offering a longer-term solution.This post does not create a CPA-Client relationship.

Just saw your post.

@Julia Lyrberg First I want to thank you for taking the time out of your day to reply to my post, it means a lot!