Even if you pay off your current FHA Loan the FHA unfortunately does not allow you to own property with 100 miles of the next property you use an FHA loan on.    

@Tom Ott That doesn't really make sense... if it was against state law why would cities allow you to do it?

3) How do I find Private Lenders in Montana, or who can legally lend in this state from their state, and who allow the property as the collateral, who also allow wraps, with them (Lenders) in the 1st position?

This could allow you to repeat the process and grow you holdings faster. 

But in the end, it pays off, and allows you to be a part of a neighborhood's renaissance, which is rewarding both financially, and personally.

You have two options to avoid paying back the depreciation expense: 1) sell the building through a 1031 (this allows you to buy larger and larger properties each time without getting hit with capital gains tax or deprecation expense capture back, 2) refinance the property  and cash out your original equity (along with some or all of your appreciated equity you earned from the time of purchase) and use that cash to purchase another property.I intend to use both options in order to achieve my goal of 1,000 units. 

I like KW for pay scale and flexibility they allow.

Check recent tax increases on properties you consider, expect the same in the future and then compare those increases with what the market will allow in rent increases.

Banks make it hard for us to acquire multiple properties.Plus the buyer is subject to current interest rates from a traditional lender of a private money lender.Subject to purchase allows us to help more sellers and give the seller more for their property.Allows the buyer to close fast and does not require an appraisal or loan approval by an underwriter.What Are the Steps?

I would personally just rent to someone that meets my criteria without a cosigner, but some people don't mind allowing a cosigner.