You can either buy in a linear market, where you can purchase an older home for $150K, get excellent cash flow and see an average of 3% appreciation.

Perhaps you are excellent at all four roles I outlined.

I don't have excel and it seems to be the only option that I can see.Thanks in advance!

In terms of other candidates, I have enough unqualified ones, so there is that. 

However, got a willing tenant with an excellent credit score and everything willing to sign up for a year lease.

I know how busy this will be, which is why ideally once we have 3-4 properties, the maintenance of the website, advertising, and property management will become my full time job (my wife will continue to work to provide some steady income during the transition)For your 4 questions - those are all excellent things to look out for and they are things I would not have thought to ask.

I would recommend that you get @Brian Burke's excellent book The Hands-Off Investor, before you look at any more deals.

There is an apartment building adjacent to it, and this lot would make an excellent spot for another. 

The market conditions in Crocker, MO, combined with the property's solid structure, made it an ideal candidate for a quick, profitable renovation.

Thank you, RTR, for providing excellent and valuable services from start to finish, making it easy for out-of-state investors to own income-producing rental properties.”I agree wholeheartedly with you, but running amuck is the new theme.