Then Do it all again.  

But We plan to build a deck on the land to start and then make it an easy place to camp on the land.

When I search for rentals as a user and not as a landlord the search result shows as apartments with 3 units and when I click it then it brings up all 3 houses and says which unit the user want to go to.I paid for this premium listing and want my listing to be separated out.

If something is disclosed then it will be counted against you so just ask the loan officer some qualifying questions to see what you need to disclose.

My clients once they come on board with us generally will flip 5 to 40 homes a year.. pretty hard to do more than about 3 or 4 a month but I have a client in KC that does at least 30 to 40 with me and I know he has another lender.. the difference with a company like ours that is a capital partner your paying a touch more for the service but once its going its ALL our money and then the partners work.

Renovated it, lived in it for 2 years then moved on.

If and when someone, or a reliable company comes up with a deal to fully manage a single room rental property for me then I’ll look at the profitability, ROI, and risk and consider it.  

@Daniel GrantzRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If the OP doesn't pay the taxes then the property will go to tax sale again and he will be wiped out.

The word arbitrage was not even being used then to my knowledge.