You may be able to get a duplex for similiar prices to a SFR but then you can rent the other unit and live for free, this should help you save quicker for your next investment property.  

Residential properties are depreciated on a 27.5 year straight line.You may be thinking of quicker depreciation periods for some items. 

How is that immediate local market, would the house with smart devices sell quicker?

If driving time is only about an hour, you can preview 4 house in two hours or a total of 3 hours.You'll have another hour selecting those to visit again with most buyers, seeing two will take about an hour each, so you have 2 more hours.If your buyer is serious and follows your advice you can get an offer done in an other hour meeting at your office, you can get it done quicker but you'll have some office time that will eat up a few minutes too.That's 10 hours eaten up getting one offer out the door, it could easily take twice that with a wishy-washy buyer or those that delay making a decision.Say that offer is accepted.

.), price range, how quickly you can close when a good deal comes along (the quicker the better), how you pay for the properties (cash is king), etc.Please note that most of the properties we handle sell very quickly, often not even making it to this website as "available properties" because of our personal contacts with cash buyers.Lastly, if you need short-term financing for buying a property, rehabbing, or refinancing for your existing investment properties, we are certified as private-money brokers as well.

I have a few related questions, this deal will be FHA, but do I do a 30 year loan to maximize cash flow or do I do a shorter loan to get it paid off quicker?

If the lease occupancy date is a week out vs a month you need to be quicker.

We met with a HML last week and realized that could be a lot easier and quicker because we just became "cash buyers"!!!

Going step by step gets you further quicker than getting overwhelmed with all of the stuff that there is to learn.

There are lots of pros to DSCR loans (vest loan to LLC, lighter underwriting, quicker turnaround time) but generally makes sense to go conventional route until you can't anymore.