Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

There is some but you FB or local event would produce more.

Granted there is a cost in hiring an agent, Having someone analyze each deal with localized knowledge is worth its weight in gold.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

My suggestions:* Requiring code compliance and safety equipment is absolutely valid and should be part of the regulations* Requiring owners live within 15 miles is not necessary since poor hosts whether they're local or distant will violate the 3-5 warning system and earn a suspension.

Before making any decision, I would get a customized property evaluation by a local Realtor to determine the value of the property on both sides of the spectrum; sale OR rental. 

In my experience, success in D-class areas almost always requires being local, extremely hands-on, and self-managing.

Find them at local real estate meetups, but be careful, it's a sketchy business overall.

Since you're still living in the property, you might be able to house hack and keep the lower owner-occupied tax rate—worth confirming with a local tax advisor.

I started a new post asking people's thoughts about insurance costs in your local area and specifically costs to rebuild and other challenges:https://www.biggerpockets.com/forums/95/topics/1227051-insur...