My girlfriend and I have been looking at properties over the last couple of months due to life situations changing and having a decent chunk of change saved for a down payment.

Joseph, but MAREI is doing their general meetings over Zoom right now.

I have been with them for over 5 years.

Also we've averaged about 10-15 nights of occupancy over the last few months. any input appreciated. 

If you have never done a project, let alone over state lines, then I probably wouldn't recommend it.

It's nice, but it's also over built for it's investment use potentials. 

However, with a DSCR loan that's amortized over a longer term, a wrap may be possible. 

I moved many times during my Navy career to markets all over the US and even Toronto.

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

There have been news reports all over about squatters.