If you have any helpful advise on investing out of state or have an outline on the process of getting my first rental property (i.e. get preapproved -> find home -> send inspector -> make offer?

BRRR ( Buy Rehab, Rent , Refinance, and Repeat ) :-)  Thanks @Jasmin Dover I've always wondered why people choose that avenue when a more effective route is the spread sheet I outline at the link below@Eric Brown can you comment on the tax advantages/disadvantages of the following spreadsheet scenario?

Your lender should issue you a commitment letter outlining the terms. 

Does your lease outline a penalty if they were caught with unauthorized pets? 

Should I start an LLC or just have a lawyer draw up a contract outlining each persons involved expectations ?

I personally know an experienced investor who is also an agent/broker who could do a much better job outlining some of these issues (yes, I'm looking at you @Marta Brown!).

Most should outline what they expect and require for legal suites.

Another obvious and outlined option would be a house hack with some buddies.

This is outlined to mean quick meal prep and cleanup before the end of that day.

Back when it was much easier to get unsecured lines of credit for your business (before this whole market crash a couple years ago), it was common for people to buy shell corporations that had been around for many years and had built up some credit.Basically, the owners/sellers of the shell corporations would create them, take out lines of credit and use them every once in a while to build the credit of the company.