I am planning to buy SFH for long term rentals as my first investment in Austin,TX or Fresno,CA area.

I realize that this is likely not the answer that you were looking for; however, It's going to take  more time than you were planning and be harder than you thought. 

The majority of taxpayers are required to settle their tax dues by April 18 to avoid penalties and interest accruing on any outstanding amounts after this date.For those residing in Maine and Massachusetts, the deadline is extended to April 19 due to the Patriots' Day holiday in these states.How to Request an ExtensionIf you find yourself in need of an extension, the IRS provides convenient options to make the process smoother:File Form 4868:Utilize your tax professional, tax software, or the IRS Free File platform on IRS.gov to submit Form 4868.Individual taxpayers, regardless of income, can leverage Free File for an automatic extension request.Electronic Payment Method:Make an electronic payment using Direct Pay, Electronic Federal Tax Payment System, or debit/credit card or digital wallet.When selecting the payment type, indicate it's for an extension.

Any information is greatly appreciated.Are you looking to develop the entire land or you just looking for someone to assist with getting it through site plan approval then sell?

@Philip PreskenisSo is your plan to just buy & hold because it doesn't make sense to BRRRR because it's already in good condition? 

Hi Eric- I bought a condo in Jersey City last year, with plans to rent it out in a year or two after I move out.

I'd recommend speaking with @Jeff Nash if you are looking for an advisor (and CPA) who is well versed in tax planning.

This is a great question and one that unfortunately most people don't teach/educate on so there's very little information out there on how to become a developer and how to obtain the proper tools, resources, and team to execute your plan. 

In a bid to get people into these homes and paying property taxes, the state of Arizona rolled out a plan for active duty members that paid 22% down on any house in the state that had previously been lived in.

Secure financing, conduct thorough due diligence, negotiate effectively, and plan for property management.