Vegas is loaded with like kind people and homes paid $190K a few years ago are pushing 1M. 

Second, set up keyword alerts for your area and "multi-family investments" and start following discussions on both topics. 

Not sure how much more clarity you are looking for.If you want the opinion of a prestigious law firm, then you can follow the link below.https://www.skadden.com/insights/publications/2018/08/opportunity-zone-funds-offer-new-tax-incentive

ok, so I'm not sure I totally follow... is the extension a tenant option or the rent just bumps up in 4 years?

However, I can push for a longer term loan.  

I appreciate your thoughts/comments on the following items:- I believe that a separate account needs to be setup for Security Deposit and Collecting Rent.

I'm pushing 60, so it doesn't hurt me any. 

I also know there is no perfect plan to follow when getting started but I'm trying to weigh the pros/cons of going the SFH route (at first), pay cash for the first couple, generate that cashflow and build it from there.

That could be a great way to find and stay engaged with local investors and opportunities. http://www.biggerpockets.com/alertsYou can also search for other investors in that area and follow their journey on Bigger Pockets here: https://www.biggerpockets.com/search/usersBest of luck to you and look forward to following your journey!

It's much easier to find good rental homes in major cities where you can find decent homes for ~$80-$100k that follow the 1% rule for rent and can cashflow.