., I'm currently working my way through a deal on 72 units using Freddie SBL financing - 10yr term, 30yr am (I'm a buy-and-hold kind of guy) a smidgen under 5%, non-recourse. 

This could be the same realtor helping you purchase the property OR you can look on public listing sites (Zillow, realtor, etc.) to check out listings in the area.

I have 15 years experience in building two successful online (non-RE) businesses.

Its also within 30 minutes of Springfield, OH, which in itself is 3x larger than Troy Not disagreeing, but Ohio does not have public transit to speak of.

The Note Industry has changed drastically over the last 10 years.What does it take now to be a successful Note Investor (whether you are on the performing or non-performing side)?

You can buy less than you sell and you can take cash out but you don't get to take out non taxable original capital first.

There have been times when my clients had a good reason to have their S-corporation own their LLCs (or a percentage of them), but that was because there was a non-tax/non-liability reason to do so. 

The last public record was a foreclosure back in 2009.

Yes, you can make your entire property inside and out a non-smoking property. 

I haven't personally owned a property where tenants were on public assistance, but I have managed one or two units out of a large inventory that did.