Make sure you know the rules in the state where the property is located.

Is it fairly priced for the size, location, quality, and other factors?

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I provided a free rent back for 2 weeks so the seller could get her funds and relocate.

I plan on renting a unit and probably getting a roommate or two in my unit to maximize cash flow early on.

Our plan is build  Yurts, and Cabins that are rented to tourist who come to the Hocking Hills region.

I'm renting it out.

Another good thing about that is that you can do a cost segregation study based on the percentage of the house that is being rented to your house mates.

Charge market rent. 

SW is about the only place we can do it so that's where all the R&D is located by the daisy-chain of those trying to evolve the tech to something of viability.