When I am looking at single family rentals or small multi's, I want a quiet street (preferably no outlet), safe neighborhood (would I feel comfortable living here myself), and decent schools.  

Need to connect central A/C unit, high hat lighting, and outlets.

Example, burger places are pretty much going to be fast food outlets unless you do a tear-down. 

Location - Spring, TXBuilt in 1977, 3/2, approx 1500 sqftContract Price - $120kLocked-in Mortgage Rate - 3.5%Total Monthly Rent - $1450- Comes with Section 8 Tenant (Mom & 3 kids)- Buyer pays title insurance- Big items to account for after inspection: Tree too close to the house, needs to be cut downOne side of the garage door opener has no outlet to plug into (there are a total of 2 single garage doors)Kitchen sink drain pipes are "amateurishly" doneRusting of the evaporator coil in the attic (20 yrs old)Attic lines don't have enough insulationOne bathroom toilet is cracking and needs to be securedRoof is missing guttersRoof shingles vs flashing wasn't done 100% correct, needs more spaceThe buyer agreed to a $500 closing cost credit.

Location - Spring, TXBuilt in 1977, 3/2, approx 1500 sqftContract Price - $120kLocked-in Mortgage Rate - 3.5%, 20% down (no points)Total Monthly Rent - $1450- Comes with Section 8 Tenant (Mom & 3 kids)- Buyer pays title insurance- Big items to account for after inspection (Est $2-2.5k for bare minimum): Tree too close to the house, needs to be cut downOne side of the garage door opener has no outlet to plug into (there are a total of 2 single garage doors)Kitchen sink drain pipes are "amateurishly" doneRusting of the evaporator coil in the attic (20 yrs old)Attic lines don't have enough insulationOne bathroom toilet is cracking and needs to be securedRoof is missing guttersRoof shingles vs flashing wasn't done 100% correct, needs more spaceThe buyer agreed to a $500 closing cost credit.

Hey Varun, very convenient to the Dawsonville Outlet Malls, not a bad area.

There are also newer circuit breakers in each apartment and three-prong and gfci outlets have been installed where required.  

You are right that COVID will present opportunities but with our island's unemployment topping 32% and market news outlets suggesting that 77% of sellers are holding off until the stay at home orders are lifted you are also going to see less inventory (though likely very motivated sellers).If you haven't read David Green's BP book on out of state rentals it provides a good foundation and strategies for building a team.

Drywall around an outlet was punched through and some holes in the ceiling was punched through. 

My concern with that T is that the directional flange inside it will clog & back-up with sink disposal debris.I've had to replace a few of these T's just because of that issue & in one case the disposal outlet was just downstream of that T yet still backed up into it probably because of congealed grease etc in the P-trap.If you then had a dishwasher installed it would cause a code error on the dishwasher because the pump would stall against the disposal back-up..ask me how I know!!!