Since interest rates on those loans are currently between 3.85-5.75%, I look at it via a cost benefit lens. 

I also will likely be moving within the next year to the West Coast, so I'm concerned that investing locally won't actually provide the benefit to manage myself.Am I overthinking it?

You can unlock those capital gains tax free with no stress, worry, or headaches associated with owning a rental property. 

If the tenants destroy the property, then they could loose their benefit (at list that's what the Sec 8 office told me I never experienced it) Also Landlords are allowed to give surprised visit to applicant's current resident prior to approval and if the property is kept in bad shape or they don't allow you to enter and inspect, then you can decline the application.

Hello all,Any wholesaler in the DFW that is experienced with Pre foreclosures that I can work with and split a deal to gain some experience.

One of the stated benefits was taking the depreciation on that property.

Again, I’m a bit green when it comes to this type of investment, so I’m hoping to gain some insightful feedback from experienced professionals such as those on this forum!

You can probably live a better life style on 6k of w2 because of  Benefits  (health care being the big one)  Conventional loans are going to be tough, your income is going to be scrutinized more.  

I hope to build a team of exceptional individuals that would benefit all parties involved.

However it seems you've gained far more useful information from the "insane" psots here...