Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

So I know I am kind of rambling but that's how I see it so yes there is a romanticism of hey I get to not work for the man and I am going to start my own business this can be done in hundreds of different ways real estate landlording is just one.WE are mainly on the debt side and I have clients that live strictly on note income..

Is the Rent you are currently paying for a House and or an Apartment, factored into the DTI calculation as a monthly " Expense " ? 

Also have a conversation with the main city building inspector about any possible problem or if they are aware of any problems at that address. 

Curious as to how everyone evaluates the true benefit of a property, to include the benefit of depreciation, etc based upon tax bracket etc. 

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

Any factors i should keep in mind?

LLC electing S-Corp status is usually beneficial when flipping houses, but be careful that your CPA helps you with the "reasonable compensation" aspect- as that would be the main audit risk.

It's main purpose is asset protection.

Arkansas looks promising, mainly the Little Rock area.