How is required capital to buy & maintain a property positively affected by S8 program? 

second question the answer i believe is Yes, if you have net rental income from a rental property located outside your home state, you will need to file a nonresident state income tax return in that other state (if you meet that nonresident states minimum filing requirements)  https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-got-rental-income-from-another-state-do-i-have-to-file-income-tax-for-that-state/00/316523i currently live in ca and had to pay a small idaho income tax for my properties thereand no i dont think you are not taxed twiceas far as other pros or cons... id say you can pretty much find property to invest in no matter where you are. 

$300,000 is plenty, and I don't know why anyone would say otherwise, especially for an ankle-biter.The problem with requiring insurance is that the tenant could get it, show proof, and cancel the policy right after moving in.

Especially since I understand this project requires a variance.

Real estate absolutely requires a team.

- Will this loan require credit pulls and banks or can this be done with a simple contract and an estate attorney? 

Using the BRRRR method, normally requires you to hold for a while until you can get refinanced, is that right?

House #1 is rented out - tenant met all the requirements (income 3x the rent, over 600+ credit score, no evictions) when the PM screened rental applicants.

@Mike BossIn California I believe it’s $800 a year and rack on what your cpa will charge you and you are gonna run a $2k bill to do a LLCIf you are fixing and flipping lenders may require you to have a LLC.

@Dustin Sanders It is possible to find owner financed deals and you MIGHT be able to even find some that require no money down.