Are you qualified to do so right now - have the contracts, inspection criteria set, screening, payment collection in place? 

Getting a rental license as an out-of-state investor is doable, but you’ll need to manage inspections and compliance.

Is there anything specific I should focus on during the due diligence process, particularly regarding title and document inspection, compared to a traditional sale?

Landlord beware.S8 will schedule an inspection for your property.

Thanks for the reply Cheree.Who is doing monthly inspections?

Usually when I close on a house, the insurance company sends out somebody to do a visual inspection.

. $150k down, 5 year balloon, 8% interest, no inspections, repairs, or appraisal, $20k over asking, and most importantly.

This includes preparing the property for renters, pricing it right, marketing, application screening, collecting rent, dealing with unpaid rent and other lease violations, security deposit disposition, inspections, and so much more.

Fortunately, the Short Term Shop teaches you all of these things once you are under contract and through the inspection period.  

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.