As far as capital to get started, after you've exhausted the VA loan, the typical and common answer for a primary residence is a 20% down payment with a credit score and cash reserves good enough to qualify for a mortgage.

I currently work in the construction field and have gained a decent amount of knowledge in regards to residential construction.

People like it, but living in construction gets old ...  

A typical “homeowner” policy does not cover vacant property, after a certain amount of time anyway, particularly when your intent is to Never occupy....verify with your agent.

@Mike LambertThinking I can learn a lot from investing internationally and the price point typically is lower in those areas to buy in

It must be done by qualified engineers or architects, CPAs are not qualified as they generally do not have knowledge of construction, construction techniques, design and estimation procedures.

Currently I self manage all units as well as the construction projects and I am looking to do this for the next couple years while I slowly turn this task over to my real estate team.

I also find that I typically help at least one friend/family member with a transaction each year (which will cover the maintenance costs of my license indefinitely, moving forward).- Yes, there is increased liability; however, if you take earning your license seriously, it doesn't take much to understand what must be disclosed, how to disclose it, etc.

7 - What are the typical expenses?

Cash Flow is also typically lower.