@Olu Efunwoye I personally wouldn't pay for this, $40k for a coach? 

I also pay attention to things like the outside, the sidewalks, and who's living there.

You can also get a personal loan up to $50K which typically is to pay off credit cards debts, do renovations etc, but it can also be used as a down payment.

I always have family and friends giving me negatives like " what is it doesn't rent" or who is going to "pay that much for rent" or "what if the tenant burns the house down" are these realistic situations and how do I prepare and understand to to come back if anything like this happens how do I plan ahead.3. should I go for a newer house with little to no rehab for 415,000 or something like 350,000 with like 10-20 in rehab?

Federally speaking you would need a CPA to file the correct forms.

Social media and online marketing - we signed up with our web developer for a service she began offering early last year where you pay a monthly fee for continuous SEO, including updates on social media, etc.  

I looked into SDIRA but prefer to do a Roth conversion (pay taxes) and then invest in RE within the Roth. 

Troy,In addition to what Melanie listed I would add, you need to find out about the local, state, or federal guidelines (if any) that impact the setup of the property.  

Ok, I'll bite.....give an example of a home that is affordable, sustainable and desired by many.Remember it is critical that you as the business owner (and your partners/investors) make a good profit after paying overhead and operating expenses.

Because of things like this, I now tell them upfront what the job will pay.