Also would need to know if the property would be owner occupied or an investment property. 

Pricing a rental property too high is a BIG mistake. 

Makes complete sense to purchase a property that breaks even or loses money.

I know property managers in every state who use non-refundable application fees and it is the standard for every class of property and applicant.

While I don’t yet own investment properties, my wife and I have successfully remodeled and sold a home for a profit, and I’m eager to build on that experience.

You just need a good property manager.

Buy Texas offlist property tax properties for $8,000 and sale for $200,000 just mowing the grass

You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.

One of my investment properties in El Paso is a SFH currently renting for $1,100.

My business is built around doing deals for out of state investors and my mind is BLOWN by how many flat out refuse to come visit, meet our staff or walk the property that they bought and we are rehabbing for them.