@Mian Dingle how well have you thought this through?

And note in this I do NOT skimp on material quality.

Find a realtor.

I would also find it hard to want to sell a property that has an estimated $155k in equity this early on.

I still made it work, but man, it was close.Has anyone else been blindsided by something in a deal like this?

Quote from @Jinglei Shen: Seller is a real estate agent, based in Ohio, he owns an LLC to flip house and invest in RE, this property is owned by this LLC. 

What is the easiest way to connect with those who have actually invested in this fund and find out their experience?

Generally speaking, have any of you invested in this area and been successful?

From what I've seen in this area right now, it seems like you'd have a hard time paying market LTR rents and making a good spread. 

Having one nearby so that you can manage it better means that you will spend more time cleaning and maintaining rather than hiring someone else to do it and thereby get host burnout in a few months time.