That is the location, the areas economy, the price you get,  first impression, the nearby amenities and retail stores, the demand in that area for rentals, and the price you get. 

Getting a special and start off with low down payment is not as good as you think but if the  the location is important as a consideration, the demand for what you buy property and tenant screening, it's in  growth area, is it located within a diverse area, the parking that is available, do you have deep enough pocket if funds are needed, Do nearby amenities exist, is there any nearby retail stores and what are they and does it fit your ideal tenant, and are there any existing tenants. 

I've started the process in Las Vegas because I have family nearby who can help manage the property and while I live in the Bay Area, I go out to LV for work often as well.

We used a PM when we invested OS; but now that our properties are nearby my wife does all the coordination.

Not very many super high paying jobs nearby. 

Mostly cheaper states nearby, like Arizona, Nevada, and Oregon, as well as Texas, according to an analysis from the Sacramento Bee.

I spoke with IBEW reps because I am a member and they are struggling to find enough electricians to man jobs nearby.

We have a park nearby that we’re looking to fill with used homes like the one you describe.  

Other feedback was lack of storage and a garage which is par for most of our comparables since most of the nearby homes lack garages.Month Five (closer to three weeks):This month has been marketing the home at the $750 rate. 

@Gaurav Mehta  What are the nearby "attractions" to this property?