Being that your property has a very specific audience you shouldn't soley rely on the platform marketing your location.

If you're broke and doing contracts that you can't perform on then you'll need to rely more on the EM and your ability to have the contract performed by others.

I heavily relied on the BRRRR strategy and adding value with cosmetic updates, doing a refi, and getting the bulk of my capital out. 

If the property is tenant occupied, you should require your tenants to have renters policies and lastly and just as important as the insurance you obtain is knowing all vendors you rely upon to perform work at the property and on your behalf are properly insured.

The information contained in this post is not to be relied upon. 

Yes we have relied on mentors (our contractors and real estate agents), but we have sent them leads, work and have treated them fairly on every project we do.Much cheaper than hiring a guru who you really don't know if they are successful in the first place.

Then, there are other people who are quite sophisticated with their structures and choose to invest money on the structure (you'll hear references to Trusts)...and then you'll have people talk about piercing the veil....and you'll hear some people say that as long as you have enough insurance, you are fine....and others will say that you have to be careful about relying on insurance to protect in all matters.

Without a crew on the ground, relying on recommendations from people you don't know is always risky. 

I could be somewhat flexible on age of the house, but I chose 10 years because if we are living out of state, we would need to rely on local contractors for repairs and capital items, which can be costly and eat up all your annual profit.

For someone who is going to be a hands own operator and rely on real estate as their full time employment in lieu of a W2 job, or foresees that transition at some point,  buying the entry level low barrier assets can serve a useful function.