I wonder if it will bring mainly 'blue collar' jobs to the area.

I think the main question I have for you to figure out is this: What would you need to do to increase your rents above your estimated $3,000? 

In most cases this requires a capital expenditure that should be factored in a Comparison analysis. 

We own a few rental properties but our main focus is on residential remodel and sell (flip).

Many won't lease to an LLC and, even if they do, they will look for a personal guarantee as well negating the main reason to use an LLC.But, if you find the rare one that will lease to an LLC, you will want to go that route for asset protection and the tax advantages under the new tax bill.

That will take a lot of time away from my main business...but I'll learn a lot and hopefully make some coin..

I was planning to use Rigid Core LVP light color for main living areas for both levels & carpet in all bedrooms & 6 step stairs going up & 6 step stairs going to basement. 

My main source to generate leads for the past 3 months has been probate.

The main benefit is you don't have to deal with bank underwriting/approval and typically need less than 20% down.

But the math works out and numbers don’t lie if you have factored in all your variables conservatively.