However, after accounting for long-term capital gains tax and other expenses, you would be left with $150k which is important to budget and account for.

To add value to the property, we undertook extensive renovations including the removal of over 40 yards of trash, installation of a new septic system and wall-hung boiler, and a new well pump.

Important things to look for: if you want to STR (you will make more this way) then no rental restrictions, if you plan to MTR, 30 day min works, anything longer doesn't.

I'll save you the details but...Per door cost: $63,300All in Cost: 700kTotal Revenue: 137k(ish) annuallyNOI: 65-73% (in the expenses we included: insurance, taxes, $75/month per door repair expense, management fee 8%, grass cutting, & a misc fund for random crap business license, etc.)Now...

The Homeowners Insurance will include Builder's Risk. 

I completely understand the importance of maintaining a professional relationship with tenants, and I will definitely keep that in mind.To answer your questions, I am still working on narrowing down my price range, but I’m aiming for something budget-friendly as this will be my first purchase.

Security is too basic and important an issue for the technology to fail.

The first impression is always very important.

As everyone has mentioned being proactive before your property sells will be important. 

It's important to get to know your team and trust them before moving forward.