My first real estate investment was in Syracuse NY in 2005.I relocated to Augusta, Georgia in 2006 to learn with a multi-family investor/mentor.And then in 2009, I founded Auben Realty, which has grown from a small local shop to a regional presence with current locations in Chattanooga, TN, Columbia, SC, Greenville, Atlanta, Charlotte and Jacksonville.Recently, Auben purchased a property management company in Kansas City to begin our Midwest expansion.

Know the costs for fixing up the property and explore ways to pay, like bank loans, FHA loans, and local aid.

Consult your local laws, but you can possibly deduct the cost from your rent if they do not pay. 

We assigned the deal a local investor How did you add value to the deal?

Other consideration that we've found critical is housekeeping and local handyman. 

If this is a local bank that is going to portfolio this loan, they will most likely assume some min line usage/payment and use that in DTI.

He is local and will be fulfilling landlord duties.

But I also want to add that I would speak to a local agent or even an attorney if you have questions, in case I am wrong, which happens often enough.

@Casey Hampton your local Housing Commissions should have websites that you can use to educate yourself.If you want someone to spoon-feed you, there are several S8 "gurus" that will charge you to basically summarize what you can learn on your own.

However, if you prefer to meet in person and not over zoom or some other digital means, that would be a consideration.