sounds ridiculous but a situation ive encountered multiple times. ask yourself how much extra work you want in your life, offsite landlords get put out of business regularly, I've seen it over and over again. consider your options and learn everything but diving in.

It’s regular mold from moisture.

I use mine for storage of beach toys, drying rack for swim suits, storage of extra supplies and on occasion it’s an extra parking space.  

Here are a few things that might help you as you start:Understanding the Market Dynamics: Begin with understanding the supply and demand in your area.

I stumbled across private lending and was amazed at what borrowing money did for my investing (the supply of leverage).

And Michael - Although I don't regularly post here but I remember you from years past replying to my accounting questions.  

I observe the term “investor friendly” lender used regularly in these forums either by posters seeking financing or in the manner in which lenders market themselves.

We supply loan quotes all day long to investors that buy & rehab 1-4 unit properties and 5-10 unit properties (including mixed use in all of those unit sizes).

It's easy to say you'll raise rents to market rate but pulling that off can be difficult in softer markets with supply/demand dynamics without causing temporary vacancies, which leads to new TI's and other lease incentives to refill the space.I'm sure you have an investment strategy for the replacement property, and that should include which markets you are looking to reinvest in.

I do supply the 1" light-filtering miniblinds from Lowes (Project Source) - and yes, they get broken pretty easily, but I charge for their replacement on turnover if they are damaged, as @Kenneth Soles does.With the blinds installed, the units show better, create some opacity to thwart people trying to ascertain if the unit is vacant, and provide some privacy once the tenant moves in.