Great price in a great location - huh?   

However, because I am unable to make trips to scout locations or look at homes in person.

You can look on websites like https://www.corporatehousingbyowner.com/search/United-States... and https://www.furnishedfinder.com to see what similar houses are rented for.

Assuming this is in fact a good deal, and your friend is a qualified GC, instead of trying to be the lead investor, he should be searching for someone who has the balance sheet to take down this deal on their and be a transactional participant.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

I've narrowed down the best return for my money in this market to a 2 bed/2 bath (with top tier amenities) - about 500 total 2/2 listings.I'm finding myself a bit stuck when analyzing why certain properties are making so much higher than the average listings when they seem to have very similar locations, amenities, style, flow of home, beds/# of people they sleep, reviews, number of reviews, etc.

I am still searching for a solid and well run property management company in Memphis, TN. 

Sherman or perhaps between McKinney and Sherman.SaginawBurlesonCertain other locations if you can find the right rent/price.

(I just searched MLS and there are 589 right now)  that is not counting off-market and wholesalers. 

With the right PM, you’ll have peace of mind knowing your property is in good hands and generating steady income.Good luck with your search!