Based on rental income would be great since I'm self employed so minimal documentation is best for me. 

These are professionals with additional training and a stricter code of ethics.

Additionally, they should be able to clarify how FHA guidelines apply in this specific scenario.

Then you need to employ the tactics of a value add real estate investor.

To invest in these markets, connect with investors, research neighborhoods with stable employment, good schools, and low vacancy rates, and leverage local expertise.Good luck!

Local jobs did not care that I ran a successful business for 25 years as there was no specific skill set to transfer into relatable employment.

- Are there any additional costs for leasing, maintenance, or other services?

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Additionally, I would plan to travel to the area every 4-6 weeks to handle any major issues and find new potential investment properties.