While smaller towns in Kentucky often have lower price points, which means less capital is required, there are limitations to the profitability of these markets.

If so, is there any red flags such as rental restrictions, limitations, etc.

Many companies are also limiting the claim for mold.

Our goal is to scale quickly and acquire as many properties as possible, with no upper limit on our ambitions.

While your condo snowball strategy builds equity, modest cash flow and HOA fees may limit returns.

3) Any specific states you recommend to set up any of these (Not sure where I'll be purchasing property yet, maybe Detroit, maybe Cleavland, maybe Augusta, maybe Des Moines, maybe Saint Cloud, maybe Memphis...)4) I already have a LLC based in Hong Kong (We call them limited companies, but the principle is the same).

I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.

I have a STR in the Sullivan County and have been looking for a cleaner but the options seems to be limited in this area. 

@Brian Rocha -Something to note is lenders will oftentimes slightly limit leverage on the purchase of a hard money loan or a "fix and flip" loan if you are doing borrower funded rehab.

I am exploring this area and have heard some noise regarding the further limitations on beach access points along the coast, creating some havoc for str owners.