One marks up larger jobs, but won't say how much.

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

You did an excellent job summarizing your experience.

This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).

It depends on the rental income, what you plan on putting down (20-25% is typical, 15% or 25% is required for conventional depending on # of units) For your owner occupied deal, you should be able to use a portion of the rental income to qualify and help offset your DTI a bit. 

He left his job last year and my team found him a property to flip.

Vitaliy, gave you solid advice and did a good job of explaining some of the key issues.

Hi everyone, Happy New Year!
I just bought my first rental property in Baltimore, MD, and I’m planning to rent it out by the room, including the basement. The property is located near two colleges, so I’m focusing on...

Client rents that house and makes 1k monthly profit, plus has a really good paying job.

This ensures you focus your time and resources on deals that align with your goals.