It is a great option if real estate becomes more time consuming.

Some people will disagree with that and tell you to pay off consumer debt completely before investing.

I don't see many situations where the consumer wins.

Register with the Wisconsin Department of Agriculture, Trade and Consumer Protection.

Demand has still generally outpaced supply here.As for your tax strategy, being out of state puts you at a disadvantage for homestead exemption AND the likelihood that you would protest your taxes is low.. being that it's time consuming for you to be present for the hearing.  

NMLS like meor Consumer finance license which i dont have.. 

Again, check your local laws, just read everything in your local tenant-landlord handbook regarding evictions as well as the Nolo website for your state.

I have a pretty thorough process of analysis which, though time consuming, has provided a great deal of market familiarity and insight to the single-family market through the majority of the zip codes in the area. 

Can make it easier with some tenants.Also you should definitely familiarize yourself with RI landlord tenant law by reading the RI Landlord-Tenant Handbook.

In residential, you're burdened with all the rules and regs regarding owner occupied and consumer loans.