However, I talked to my realtor who got started in real estate via room rentals and he shared that as a 'border income' situation you actually have more rights than a traditional landlord.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Prefab is great because it reduces the amount of tradesman out on the site.

the property was tired, needed revitalizing and had huge upside equity & income potential How did you find this deal and how did you negotiate it?

Do you want to be in a place of population and job growth or one with decreasing jobs and population.Do you look at things like average credit scores or % of income spent on rent?

I have found it difficult to find financing being 22 with my only income being from house flipping.

As I've been learning, there are the key taxes to understand when investing into a new area or state:- State business income tax (if you have an LLC)- State personal income tax (if they want to tax you too, even as an out-of-state investor)- City personal or business income taxes- Any registration fees due the city/state- City/state property taxesAnd I'm sure more!

They used a combination of the rental income, my W2 income and my credit to qualify.  

I assume I need a CFP first to figure out the Roth conversion part and once converted then in comes CPA? 

lower the size of your unit and therefore your build cost per unit, your sale price will go down but focus on density and get familiar with zoning and what your city will approve. my best suggestion is to do it in downtown districts where there is unlimited height and unlimited floor area and you can build every square inch of the property and reduce parking because of proximity to transit. property values are higher, rents are higher in downtown markets, there are just too many economies of scale compared to suburban deals.