For the Self-Employed it becomes much more critical to maintain net worth data than if you get a W-2 to account for your income. 

Notwithstanding this section, a licensee may not pay or offer to pay a referral fee or finder's fee to an unlicensed individual that is not a party in the real estate transaction;(12) violates any provision of law relating to a buyer's freedom of choice in choosing an attorney, insurance agent, title insurance agent, or any other service provider to facilitate the buyer's real estate transaction;(13) fails to disclose in accordance with Section 40-57-139 the party or parties for whom the licensee will be acting as an agent in a real estate transaction;(14) receives compensation in a real estate transaction or directly resulting from a real estate transaction from more than one party except with the full knowledge and written consent of all parties;(15) represents more than one party in a real estate transaction without the full written knowledge and consent of all parties the licensee represents as provided in Section 40-57-137(M);(16) acts in the dual capacity of agent and undisclosed principal in a real estate transaction;(17) accepts deposit money which is to be delivered to the licensee's principal in a real estate transaction without informing the payor and having the payor acknowledge in writing who will hold the money received by the licensee;(18) issues a check in connection with his real estate business which is returned for insufficient funds or closed account;(19) fails to disclose in accordance with Section 40-57-137 any material facts concerning a real estate transaction;(20) violates any provision of this chapter or a regulation promulgated under this chapter;(21) violates a rule or order of the commission.(22) induces a party to break a contract of sale or lease, listing agreement, or buyer agency agreement;(23) engages in a practice or takes action inconsistent with the agency relationship that other real estate licensees have established with their clients;(24) fails upon probable cause of an investigator of the commission to make all records required to be maintained under this chapter available to the commission for inspection and copying by the commission or fails to appear upon probable cause for an interview with an investigator of the commission.

I maintain a 70% loan ratio at the maximum if I choose to even leverage a property. 

Though the rent amount is in line with the area, your tenant pool is more limited, and there's a lot more space to maintain and get damaged, so your returns likely won't be so great.If you find that it's difficult to rent, I thought @Corby Goade's idea of converting it to a duplex is a good one if the building and zoning will permit it; alternately, you could knock out a wall to combine a couple of bedrooms to make it a 5/3 or even a 4/3 (or use some creative marketing - it's 5BR + office/den/whatever) to help make it sound more in line with norms.Hopefully you'll find a family that will want to rent it for years and years - it'll no doubt get torn up, but we all run that risk with our properties.  

Even if there's no appreciation.. if the house just maintains its value and even if we put in $100k into.. we still come out with a profit.

After all, they are our clients and we need to maintain that relationship just like an account manager at any business would.

There is no consistency, and none should be assumed.In addition to your excellent relationship, it's always wise to protect yourself and maintain a stable of lenders, large and small.

Without the ability to outsource everything, you aren't building a business, you are building a job.I have been finding the best deals lately are primarily due to poorly maintained buildings, buildings with tenant issues, and being sold by utterly incompetent agents who make seeing the building and making an offer a nightmare.  

Only downside is this is if you decide to leave KW then you no longer have access to KW so I maintain another database of this information just in case their system goes down or when I start my own brokerage. 

After 5.5 years of paying rent on time, maintaining the home, no other major issues (assumptions) carpet being 5.5 years old, I wouldn't waste my time going after them for carpet replacement in court.