I a factoring in the replacement of the AC unit and potentially the water heater, and the cosmetic thins (I would do myself) to get it to rentable standard.

When choosing a location for your first rental, it’s great that you’re considering factors like crime rate, population growth, employment rate, and price-to-rent ratio—those are all key metrics.

And, factor in the depreciation and other tax benefits, deductions, home office, vehicle expenses, etc. 

Compounding on one another sure that will have a big impact on the market but there are a lot of factors at play.

That said, if you have $50k and want to invest out of state, that puts your realistic budget at $150-175k...maybe even a bit less after you factor in closing costs, make ready expenses, and reserves.

@Breeya JohnsonWhen evaluating markets for real estate investment, there are several crucial factors to consider.

@Stephen Fleming your cashflow probably won't be what you think it will be:(Have you factored in the new property taxes at homestead millage rates?

Most of what I’ve read you obtain the code violation list from a city official but it sounds more like you are purchasing the list from an external source? 

This article presents three key factors to consider before deciding that now is the time to sell/exchange: 1) regulatory, 2) economic and 3) personal timing.1.

There are a number of factors for why a property could be on the market a while.