Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

And this does not even involve business or real estate!

We are seeing people move from higher cost of living areas like Raleigh, Durham, chapel hill, and even Greensboro.   

Both accounts same bank they even froze her roommates account at the same bank and he had nothing to do with real estate no existing loan family member is alive.

Good Evening Timothy!

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

This would be my first real estate investment, making the decision even more critical.I understand that backing out would mean losing the $2,000 earnest deposit.

There are almost no exceptions to this, so it's not even worth considering.

I'm not even sure how salary got introduced into this scenario but I'd prefer to discuss solutions and explore ways to get to the objective. 

I think it even comes with a copy of Start with Strategy for signing up.If i attend PassivePockets or BPCON I will be sure to try to make an introduction.