I am a high-wage earner (getting a W2 from a Fortune 500 company) with a substantial career growth potential in the future.

I attended college before joining the Air Force and have nearly $25,000 of school loan debt that has hurt my credit score substantially.

I understand that many people from DC have relocated in the county but saying that all or nearly all people are locals is substantially contrary to what I personally see living here.

If the improvements made were substantial then I might also provide invoices paid to contractors as well as a scope of work to justify financing at a value much higher than my initial purchase.10% vacancy is definitely higher- if you've got a stable property that meets your markets rental demands then I would use your market's going vacancy rate (which may not be representative of your EXACT asset).

@Gustavo GonzalezFor those who are able to save more than $30k a year or have substantial liquidity (over 200k), being a landlord and especially flipping is a lot of work.

In sum, you need to make some pretty substantial improvements (like almost razing the original building).

But you would need to have a substantial amount of equity in it for it to make sense. 

It saves substantial $$ on flips and leasing. 

Once we figure this out, we'll be nearly 100% automated besides responding to initial inquiries & leaving reviews, which we feel substantiates our personal involvement at this stage.All-in-all, we are very happy with our first real investment property, and feel like we've found a good niche. 

The "a little high compared to comps" generally means it's not a good deal - as a wholesaler you need to negotiate a substantial discount off of market value.