After about 8 months, the city rental inspector knocked on the door and the tenant let them in. 

The property in question is near a major midwest city. 

Water is very expensive in the city of Lakewood.

Would like to rehab using the brrrr method on small family units to grow some equity and capital, then air bnb smaller units in the inner city area.

Very simple.Then I heard I may need to apply for a local business license through the city I live in, just because I'm receiving money ?

Currently, I'm working as a Property Manager in Boston, MA managing HOA's around the city.

Leland is right outside of Wilmington's city limits so the houses are respectable prices and Jacksonville is right where the Marine bases are so you will always have people to rent the homes.I'm doing pretty good in terms of knowing the areas but im nervous to make my first move and get out there.

There are a lot of "rules" that sometimes change every year, so your CPA/tax guy needs to be current in his/her knowledge about this area.Lastly, I don't think you'll need a business license, but you should check with your local city and county offices on their rules.

Looking to get started in investing in cheyenne and other cities throughout the U.S.

And finally, if you ask me which markets are more overheated: Rust belt cities or the Bay Area, I think there is much more risk buying at todays prices in the midwest than the Bay!