You could check out the website and compare your draft business plan to the information provided by the SBA and it may help you fine-tune your plan. 

If you're having someone view the property for you, have them take videos and photos of the entire property.LTR vs Airbnb - run the numbers and compare the pros and cons of both.

The property prices are more reasonable compared to many other markets, and there seems to be a healthy demand for rental properties.

You can find great 2-4 unit buildings at reasonable prices (compared to New York City), and many of them need to be fixed up, which is an added bonus of equity if you are willing to tackle a renovation.I'd suggest somewhere along the blue line (train) in the northwest part of the city, where you can find some priceless neighborhood vibes.Plus, the real estate community is unmatchable...tons of people willing to give you a hand up.

My fingers are cramped from crunching market data that was almost comparable to Lawton's.

Platforms like Rentometer and Zillow can give you rent data to compare properties.Networking Locally: Reach out to agents and local investors.

@Kyle Rucker- thanks ....you will have a tough time locating a 2nd loan for  180K +  ....Ask the realtor you are working with for options ...Make sure that the lender holding the FHA loan will be able to approve your assumption  request  ( this can be a long drawn out step ) .....if you do find a 2nd mtg - compare the fha loan and 2nd mtg  to a  simple new FHA or conventional loan as there may not be a large difference 

Personally, I would start by getting a proposal from a builder to build the home and compare that to your estimated selling price to see what your profit would be. 

The only reason that you are requested to order a comparable rent schedule appraisal is because the lender needs to see what the market rent is for that specific investment property.

Comparing a few options can really help.Let me know if you want to talk more about this or need any help!