We remained flexible and adaptable to our sellers urgent situation, and made it a quick and easy transaction.

Consolidating the drivers and ranking in order of importance:Location/MarketTenant PoolInvestment TeamSpecific PropertyI will not go into detail on each driver but I will mention some important considerations.Location - the most important investment decisionThe location determines long-term passive income reliability, inflation adaptability, operating cost, risk, and the total capital required to grow your portfolio.

Or get a nice duplex.Just thought provokers, adapt to your needs and plans.  

My next step, I believe, is carefully pre-screening each interested tenant by having them fill out a rental application, but I do not know where to find a template application to adapt to my needs.Does BiggerPockets offer a form like this to its Pro members?

As rates rise and economic conditions (especially related to housing) become more uncertain, creativity and certainty in regards to both residential and commercial financing is critical to competitive offerings and adaptive solutions of successful real estate transactions. 

This election is used when a project that would normally need to be depreciated (BAR projects - project that Better the property, Adapt the property to new uses or Repair the property back to its original state.) 

We need to continue to adapt to the market and make deals work.

Adapt and overcome by investing in something liquid you know well and can control better while overseas.   

Adopt & Adapt those Processes & Systems for your own.

If you keep an open mind and study how this is so, then you will better understand my comments and be able to either pick a market based on your preferred strategy and preferred risk/return profile, or better yet, adapt your strategy for what works in your local market and continue to evolve it as you and your local market evolves.