On the other hand, distant property management calls for efficient systems, trustworthy local partners, and a thorough comprehension of the unique dynamics of the market.Appreciation Potential: It's important to fully investigate and comprehend the local economy, employment growth, and development plans, even if other markets may provide better appreciation potential.

Our last step is running a forensic audit of the company (S - Corp) and then we will write up the contract to purchase.

Following the advice of several of the books I have done some basic investigating in different markets out of state, as landlord laws are not very friendly in OR and houses are more costly than other areas I’ve looked at.The markets I’m considering are Cleveland, OH; Cincinnati, OH and Raleigh/Durham, NC.

NAR recently lost a $1.8B dollar lawsuit which could be tripled with several other civil suits pending and a possible DOJ investigation. 

Then you may want to investigate the cost of special riders to cover what worries you.

https://oksenate.gov/press-releases/bill-signed-crack-down-i...I started investigating to invest in Tulsa and other cities of this state.

While researching properties in the area, upon further investigation, I learned that the property is currently owned by an absentee owner.

Run models that investigate every possible path you can imagine. 

What are the best initial calculations to run and how do you know when to investigate further?

Opportunities to generate cash flow can be identified, but they could need thorough investigation and thought.