@Suzanne Griffiths When you mentioned bank statements and credit reports, it was my understanding that HML's don't require this kind of information from you in order to obtain a loan.

@Andrii Okipnyi my understanding of the City Ordinance is all property owners are required to clear public sidewalks of snow by 7:00 pm the day of a snowfall.  

Not all inspectors deal with the city and understand/qualified for DIHLR requirements, make sure to get inspector that does those.

There's lot of new buyers and investors in the market who don't understand the numbers, and the inventory is limited.  

I understand that this may come with a host of other problems, bad tenants, etc. though. 

I am having a hard time understanding how they come to that number.

My understanding is that an LLC can be treated as an S-Corp.

That information is only available on the MLS and so you'll need to partner with an agent to help you access the information you need.A knowledgeable one will also understand the market and neighborhood around the property, as well as understand what your goals are as an investor, and should have experience working with other investors like yourself in the past.

I still have to dig a lot on Gainesville s market to understand how the prices are on different locations of the city. 

You want properties that will yield the numbers required to get to your goal.Here's my easy equation for getting the numbers and understanding the cash flow you'll get from a property-https://www.biggerpockets.com/renewsblog/2013/01/1...If you leverage the money you have into those out-of-state properties, you'll find yourself getting a good chunk of cash flow if you get the right properties.