Nicholas,The one piece of advice I would give is refinance the Condo before you start renting it out. 

It is specific to the area.

The other tip I would say is really get a good relationship going with a realtor in the area if you do not have one to give you the exact data you are looking for to be successful.

Figuring the seller was milking the property and doing minimal upkeep, the inspection team report has so far already helped me bring the seller down several 100K in asking price.

If it were me, I'd be looking for something in that location to offset the negative impact of the casino. 

@Bridget HustonWelcome to the community and be ready for a huge amount of information at your finger tips.

They cannot continue a lawsuit on your behalf if you have not authorized it.I would send them a short demand:"You have five business days to stop the lawsuit and turn over all documents, funds, and anything else pertaining to my property.

Use an agent to help you get qualified tenants and documentation in order.

With that said, the income can still offset the cost of holding the property as a long-term investment.

While many out-of-state investors may purchase properties without an in-person visit, first-time buyers or those new to real estate are strongly advised to conduct a site visit.