If you are going to get your license in Virginia I would plan to stay there for a decent bit(5+ years).

Personally, I love Chicago because I know the market decently well and more importantly have a VERY SOLID TEAM, of people I know, like, and trust!  

With that being said, the interest rate is going to be the single biggest determining factor for whether you're barely breaking even, or seeing a decent monthly cash flow.

Eastpointe has a semi-decent school district, and the area overall is seeing a population growth.

That effort can payoff big if you are known as the go to guy/gal, you're an organizer, you will know the who's and what's, you'll be seen as a contributor, not a taker, a leader and I guarantee that if you hold a decent meeting, every investor in there will be talking to  you! 

Once you feel you've built a strong team with your first property and have solid systems in place, I would then start buying more aggressively and taking on bigger projects.I suggest reading this BP article on the core 4.https://www.biggerpockets.com/blog/core-four-real-estate-team

I'm sure they also told you their systems will protect against aggressive attorneys and creditors and make you invisible so nobody will ever dare file a claim against you...it's all a money grab.If you are a sole proprietor I am putting my money on the fact a single member LLC in the state in which you live/own real estate will suffice.

At the current cost to build estimate $150/sqft, It appears a 1500-1700 sqft new construction will need to sale for around 399,9k to make a decent profit.

I am very interested in real estate investing and flipping (I have a decent amount of construction experience) I was wondering what some good resources are to look at when evaluating a property, especially in the Dayton / Cincinnati area.  

They've been aggressively paying it down and are on track to before the due date.