Also, any underwriter is going to heavily scrutinize a new primary residence loan application if they see that you recently (under 1 year) bought a primary residence in the same general area and have already converted it to a rental. 

Unlike traditional banks, which focus heavily on personal credit and income, portfolio lenders prioritize the cash flow of your property.

Well I have been thinking heavily about giving it a go at wholesaling.

Or it is a working class area with a lot of jobs that are likely to be heavily impacted by a recession.To understand these risks, unfortunately, takes experience.  

Aside from the standard BR/BA count and square footage, I always focus heavily on the listing pictures for any comps I pull in my area - finding a comp that's as close to your property's condition and finishes will give you the best apples-to-apples comparison possible.I also wanted to second @Tim Swierczek's input: nobody in Minnesota likes moving in the middle of winter.  

This will heavily influence the best strategy for you.

Anything smaller may not attract larger investors or offer the economies of scale needed for profitability.Design Style: BTR developments often consist of attached townhomes, usually with features like garages and a more upscale design to appeal to renters looking for something between an apartment and a single-family home.Location Factors: The success of your development depends heavily on location.

I am heavily invested in index funds and long-term stock investments which is my primary focus and something I adore and am extremely interested in.

Forums seem heavily loaded with newbs or takers - 20 posts for every vote type ratios... 

Elizabeth,I work with a lot of investors who live on the West Coast or other States and buy heavily in Indiana.