Document all your efforts, including repair invoices and communications, to show you’re acting in good faith as a landlord.

I want to know how to analyze markets to see if my neighborhood is even a good location to do this.

We have a good working relationship.

Social media is a good place to meet people, but do you really understand what they do?

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I would focus on REALLY GOOD Realtor. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Quote from @Michael Smythe: @Don Konipol mostly good stuff!

I feel like if you dont want to spend too much time figuring out the flow then it's a good alternative.

It's no guarantee but it's a good place to start.