I had plenty questions when I was determining if I wanted to send him my money, and I was able to talk with him directly very easily.

Because they aren't traditional tenants in the sense with a 1 year lease and to determine fit for the house, I like to start everyone on 2-4 month leases and see how they perform.

You simply get a discount on this purchase, equal to your tax rate.

Amortization length along with any DSCR requirements comes into play also to determine what kind of down payment requirement you may have to meet. 

Hence you can see how interest rates play a large role in determining cap rates in a market in my opinion. 

To determine the quality of a property requires to evaluate all of its return as well as potential return.  

Also please look at your personal auto insurance and determine if you have enough liability protection, then get a personal umbrella as well.  

@Shane Gorski your price point will determine if you should invest in Naples or Cape Coral. 

I also wouldn't be where I am today in terms of my contacts and relationships with vendors, to be in a position to self-manage confidently out of state.All that being said, if another deal with the same amount of hair on it presented itself to me today, I would pass simply because my risk profile has changed.

Depending on the neighborhood, there simply might not be a lot of demand but I would not get discouraged.