Research market rents, carefully calculate expenses, and ensure you have a solid lease agreement.

I don't personally care about checks anymore so that wasn't an important feature for me. 

If you don't care about income and are more of a capital gain kind of guy, prices are already high (as you noticed) and there's plenty of land available to buy so I'm not sure how much is left in the tank.

But be careful with your trial.

(other issue was a leaky toilet we took care of, at our expense).  

So be careful of that.

However, with careful planning and a proactive approach, you can navigate these hurdles successfully.

No one will care more about your success then you.

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

Quote from @Sean Barnebey: This is an interesting opportunity, and it sounds like you’re approaching it wisely by considering the numbers carefully.