There are other strategies like 1031 exchanges to defer those profits/taxes again.You should also read the book Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes by Tom Wheelwright.....I'm sure there are many others, but this is laid out in a pretty simple and digestible way to give you the broad concepts.

We were one of the few states that didn't suffer with massive forecloses because our home prices never over inflated. 

If a good deal is created a massive hurdle must have been knocked over.

The inputs for the image in this screenshot are as follows:500k purchase price duplex.Rent each side for 2k/month (this is after you move out)5% down paymentClosing costs: 7k6.4% interest rateInsurance: $250/monthUtilities (paid by owner): $400/monthVacancy budgeting: 5% of monthly rentMaintenance budgeting: 8% of monthly rentCapEx budgeting: 7% of monthly rentEven though you are negative $312/month after budgeting for future expenses your net worth ROI is massively positive.

New construction is not the way to make money at this point but who knows what the future holds as there is a massive movement going on coming from LA/SF and NYC.

Janesville is the new home to a massive Dollar General Production and Distribution facility.

That's why most developers choose only to do massive projects because the juice is worth the squeeze.P.S. 

For those not in the know I am a SUPER Data nerd, because I ran massive marketing systems pre-internet, back when mail and cold-call was king, if done right.

We are based in Chicago but incorporated in Wyoming due to the friendliness of WY for corporations and plan on building a massive business.If you are planning on opening an LLC I am not sure of the specific advantage to opening it in WY though. 

Chicago is a massive market.