Looking to make new connections here.Are you looking for local community banking for lending and real estate related purposes or for personal checking and savings accounts?

I am leery because it is such a small deal…just 1 small 1 bedroom unit…and not a great a deal unless maybe you are local and have a use for it…walk to community college.  

I would think that a property manager would be able to assess your specific unit, be able to determine what market rate is for the local area and the quality of the unit, what the market rate rate is for your specific unit, to suggest what your unit could rent for based on some improvements and have a sense of what rent increase would be tolerable by the tenants. 

For example, cheap goods at Walmart let people buy more cheap crap but at the expense, at least partially, of good manufacturing jobs that supported local communities. 

In addition, I would give the tenant information about the local place that handles rental assistance programs.

Should I have my local friends stay in the Airbnb and give me reviews so that I can get the ball rolling? 

For out-of-state investing, find a trustworthy property management company and network with local real estate investor groups.

Local banks typically offer lower interest rates but might require a solid track record and detailed financials.

Water penetration can also include roof failures or pipe bursts that allow water to leak into or damage your home.Either have the repaired area researched by your local expert and accept it.

ACT and the various localized distressed property laws.