Just like anything new, if you are just getting into RE I would advise you to listen to Podcasts, read some recommended books listed on this site, and search both for sale and for rent to learn what areas of town you want or feel comfortable investing in.

See Section 1031(f) (“This subsection shall not apply to any exchange of real property held primarily for sale.”)

Also something to be careful of if buying a home in personal name and simply switching it an LLC is the Due on Sales Clause in your original mortgage.

But there are products that will allow you to use proof of assets to offset the DTI difference and qualify (if your DTI is barely missing the mark and you have a high level of savings).

There are ways to structure different DSCR products to eliminate UW fees and origination costs or wrap them into the loan. 

Recruited and fully trained Sales Team (First 90 days) was provided.

You could go to a fourplex with 0% down with the VA loan. the VA loan is the most powerful house hacking loan product on the market right now. 

The big lenders all do Power of Sale instead of foreclosure so that they never own the property. 

You just executed the sale.

., like Chris notes, there are a lots of things that can go wrong, but also things that could pay off.To stay very high level, the two biggest risks, or points of understanding: what is the developers capabilities and what is the market demand for this product?