Also, if you have a mortgage, talk to your bank before transferring. 

Do you know of any banks that will do that before the 6 month mark?

You should be able to turn the  free cash and deferred tax into $60 - $80K net of all expenses annually without banking on the back end and still getting depreciation the rest of the way.  3.

I do agree with @John Lewis ' comment above about visiting these places as much as possible first to determine where you might enjoy living the most. 

You can get an FHA loan for 3.5% down for a 1-4 unit property for example while with an investment property you usually need 20% down for a bank loan .

The free service, for landlords with two or less properties, tracks expenses, profit/loss, etc. of your rental properties ($50 fee if greater than two) but it requires linking accounts in order to automatically track and categorize expenses for you.I’m always uneasy when a website requires linking bank accounts.

The other option is to do a non agency product, such 12 months average bank deposits or asset depletion or DSC (debt service concerage) where 90% of the rent covers your total monthly payment 

The mortgage amount is not based on the ARV but is better than the purchase amount.We have 30 days to show the bank the repairs/renovations are completed.

Well, if you accumalate a whole  bunch  of non accredited investors and raise the funds, you can do what you want with out the bank.

Bank will not touch that. but cash will we welcomed with open arms.