Conveniently located near major routes, this property blends modern amenities with rural charm close to Etna Pond.

The break-ins happened on 2 separate SFH that are not located near each other.

The location is key, with easy access to transportation, parks, and the rich cultural heritage of the area.

I plan to come a scope out locations/properties this winter. 

As I am new to this and looking for cashflow using rentals, one key aspect of this investment is to ensure that the unit rents out quickly and while I do understand that cash flow to begin with might not be attractive, it can be a good investment in the long run if the location is right(as appreciation also kicks in).

I have pulled a permit for removing a fireplace, but probably would not have but I had a significant remodel going with permits and did not want hassle of him making an issue of removing the fireplace (the inspection for fireplace removal consisted of only verifying gas cap was in visible location, he did not even spray it).

Is it fairly priced for the size, location, quality, and other factors?

You'd want either an LLC in the state where the real estate is located or you can also just put it in your name and take out a good landlord's policy from Farmers, Erie, etc. which will protect your investment just fine. 

Also make sure to build on a property located in a desirable location with larger pop density and if holding for rentals, charge median rent for that market as lenders want to see a bigger pool of buyers/renters available to occupy/sell. 

Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.