I will keep that in mind as we travel down this exciting path.  

In this market (any real estate market in general in this country), inventory is at an historic low and listings are moving within a few days or less, when priced properly. 

Usually, loan officers can lend across the country. 

Any other gotchas I should know about before taking this path?

The alternative is to get the LLC taxed as a corporation which is less common because it is less advantageous.The case for non US persons is more unusual for CPA, and I believe that the most economic setup for a LLC for tax if at all depends on which country you are resident. 

Don’t use a once in history (National house prices dropping) or a worst in the country examples (30-50% drop in a few markets) as your expectations of what’s going to happen again soon.

Keep down the path and you'll be at FI before you know it!

I can buy recently built homes (min cap ex), in affluent areas (80k+ median income), with highly rated schools (key ingredient for appreciation), in the path of progress (directly between Austin and San Antonio along I35), and cash flow positive from day 1 due to a favorable price-to-rent ratio. 

@Kristopher MillerWhen choosing your Accountant/CPA, make sure that the person understands New York State taxation and real estate taxation.New York State taxation is one of the more complex in the country and I often pick up clients from those who are based out of a different state trying to tackle/understand NY State Tax.There are a couple of CPA's out of NY on biggerpockets.

People are paying for houses way over their appraised value and bidding wars are sparking up all over the country.