I would consider the jurisdiction you are in and the nearby existing development to gauge how this process may be. 

A planned investment from the city to add a public use pedestrian trail connecting the neighborhood to the near by Beltline trail.

And just because another developer got approved for a certain style project near by doesn't mean you will.

It can still work, but focusing in and around your backyard is smarter as long as you don't rush to make a net negative deal which you aren't doing.If you are nearby, I would skip property management for a single-family home.

Are there restaurants nearby?  

Do you know if other properties nearby offer W/D in the property (vs. just the hookups as you currently haveHey Jaycee, seems the other rentals in the area just offer hookups.

.- Search Meet Up App to see what meetings/meet ups are nearby.- Post on craigslist asking about networking with other real estate investors. - I would search Bigger Pockets for members in VT and ask them their thoughts.Greg

So, I decided to drive a nearby neighborhood close to my residence, recently and document addresses of seemingly vacant distressed properties.

Every time I would analyze a 2-4 unit, I would see brand new apartment complexes nearby.

You can also look at Airbnb using "the enemy method" to see what competitors are doing nearby that was coined by the brilliant Avery Carl.