Also the hit rate per property is really low.

DP policies, or Dwelling Property policies, are insurance policies designed for residential properties that are not owner-occupied, such as rental properties or vacation homes.

The Birmingham market has been showing steady growth, with increasing demand for both single-family homes and multi-family properties.

Here are some key strategies to consider:*Invest in Distressed Properties – The best deals for investors often come in foreclosures, short sales, and older homes in need of renovation.

You’re definitely on the right track by planning to open separate bank accounts for each property and the holding company.

Had the proceeds from my previous sold property.

I am taking your advise, and switched my game plan to include a local agent or property manager to show the properties. 

I don't own in Scranton a lot of properties, But I still think 2K is a bit overpriced Especially if you make your tenants pay utilities, But I might be wrong, just wanna make you aware so you make sure before you go into any deal. 

I'm not a property casualty agent (was a long time ago - now just life/health).

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.