Some of the criteria you have put forth to determine who you should rent to include race and familial status.

Start with an LLC and when you expect to earn around $50k net operating income in any given year, that's when you should Be thinking about filing an S election.That's how you set up S-corps by the way - you either first create an LLC or C-Corp, and then file a form to elect S-Corp status.

@Bobby Trujillo get out and socialize/network.

Learn to invest to get a high multiple of the rate of return on your investments relative to inflationto optimize the duration to achieve FU money status.  

The long-term value is also my concern but I would think this would be reduced if you just owned the lots, not the homes.Very good points @George Nikolakakos, I think with the dwindling economy & social programs affordable housing will only rise.Thank you @Andrew Nisson for the article link, it had some good nuggets of info!

Anthony - I know you are well intentioned  but "lower income" and "moving" to towns like "Phoenix, Houston, Atlanta or Dallas" encompasses a whole LOT of factors (Economic/social etc etc) that don't translate easily to uprooting from their existing place and moving to  as you put it.  

You will get what you pay for essentially.For REI's, Virtual Assistants are best to help with listing management and coordination, email marketing and direct mail campaigns, market research, transaction coordination, social media, and buyer/seller/agent correspondences- things that are essential but also take up a lot of your time.

We work closely with our clients over the lifetime of their investment to ensure the accounts maintain their tax-deferred status.  

The MLS is often the last resort, not many deals there listed for home buyer Homer Home Owner.RE is a social business.

Generally required information may include: Applicant on-time for showing appointment Positive Government Issued ID Fully completed application for every occupant 18 years and older Applicant(s) able to pay complete deposit and rent deposit at time of lease signing Proof of adequate income which could include any of the following: Most recent paycheck stub Tax return copies for self-employed applicants Copies of deposit slips, investment earnings documents or Social Security earnings for retired applicants Any additional sources of income, ie child or spousal support, trust fund incomeIncome, Credit and Employment information required may include: Proof of verifiable employment and / or verifiable source of income Adequate gross income to rent ratio (2.5 to 3 times income to rent) No excessive debt which may impact applicant(s) ability to pay rent Good credit history free of negative credit issues which may indicate an applicant is high-risk and / or indicates a patternof payment delinquencyCourt Records: History of criminal activity (arrests and / or convictions by any occupant, adult or minor) which could negatively affect tenancyRental history information required may include: If applicant has prior rental experience, good references from prior landlord(s) No prior evictions on applicant(s) recordState dependent:ADVERSE ACTION NOTICE REQUIRED WHEN DENYING OR OFFERING CONDITIONAL TENANCY TO APPLICANTNote: In the event an applicant is denied tenancy, or any other form of adverse action is taken against the applicant including requiring an additional deposit, a qualified guarantor, last month’s rent, or increased monthly rent, the landlord is required to provide an Adverse ActionNotice.