TOTAL MONTHLY EXPENSES:  $1,504 (monthly P&I, plus all the expenses outlined above)TOTAL MONTHLY CASH FLOW:  $396 ($1,900 rents - $1,504 expenses)Annual Cash Flow:  $4,751 ($396 x 12)COC RETURN:  9.1% ($4,751 annual cash flow / $52,475 total cash in)Net Operating Income:  $13,691 ($1,900 in rents / $759 in expenses other than principal & interest payments... x 12)CAP RATE:  7.6% ($13,691 NOI / $179,900 purchase price)So, you can see this isn't exactly a home-run deal as far as CoC return goes, but the cash flow is almost $200/unit, which isn't bad.

Many of the medical professionals line up housing in advance, some 30 to 90 days out, and I want to require a deposit to hold the property until they arrive to sign the lease and move in as I am getting multiple calls for the same time frames.  

I have access to inexpensive money, however I would want some immediate income to pay off the costs of the money, and I know there's no way to guarantee this.3) I live in Hawaii, and worry that my distance will end up costing me all my profits.  

All of this is easy and inexpensive to amend and will bring the highest value of rent or resale.

The curb appeal is in need of help but it will be inexpensive to fix. 

Per the estimate, you have a remaining $3,756 in expenses for the deposit and the closing costs...On a related note, this amount includes the appraisal.

you need at least 3 of them that are interested and able to close on properties in that area if you intend on wholesaling it. as for fixing and flipping, the neighborhood must be in demand in order for it to flip within a reasonable time frame. the neighborhood has to be very marketable. 

We're initially looking to get into an inexpensive property as our first investment, which means it'll likely be a SFR.

They built a few new complexes in the 2000-2010 timeframe.

Many of those posts I read regarding those markets were around 2012-2014 timeframe so I’m not sure if those are still as viable to cash flow (although I’m sure there are always opportunity if one knows where to look).