I have a decent amount of property managers that I really trust and can refer you to them! 

Alternatively, are there some ballpark estimates for each expense item (e.g., 8% for vacancy, 3% for capex, etc.) that can be factored in as realistic or worst case scenarios when analyzing the deal?

Firstly, the real item is only a question of Point of Production.

And what kind of protection are you referring to?

. :)Please refer to the related thread here: https://www.biggerpockets.com/...Feel free to contact me with any questions. 

They also sell items at farmers markets.

So I'd be doing my best to get the highest possible rent/revenue but without needing or counting on that.What you refer as cut-throat competition exists in every market where you have demand.

If needed for reference, the questions I have for the CPA are posted at:https://www.biggerpockets.com/forums/51/topics/1221080-1031-...

For reference I own exactly one handful (5) SFH  rentals in my hometown, all have been purchased in the last 4 years.1) buying at a discount is MY preferred way to reduce risk.

Now for the house you are leaving behind…I like to have this one freshly painted, and take action on any maintenance items.