g)Go to as many open houses as you can.Study MLS data: a)New listings b)Sold data (Also how long was it on the market?)

Can not be certain they are all cash buyers, but doing the screening necessary to ensure that they bought or sold with cash may be more trouble than it is worth, and it explaining how to do that is certainly more detailed an answer than I care to give.

Now, I'm not sure if he is getting his data from MLS or elsewhere but some questions come to mind:1.

At this glance the Subject Property is more likely closer to $115,000 depending on more research and some ensuring the condition is average with average repairs.

Around here, the neighborhoods can go from stable to sketchy in a couple of blocks, so having some (somewhat) more precise data is helpful.

Homesnap is powered by a specialized homes database that combines hundreds of disparate sources of data.

It's good to post it on the door to ensure that the tenant will, without a doubt, see it, but it's also good to send certified so that you'd have that paper trail, especially since you're out of state.

And I think that part of the reasoning behind the accredited investor rules (both new and old) is to ensure that if things do go badly, that your investors will have the knowledge, money, and desire to go after you.

I understand this is not the norm and not a great data point, but decided to mention it purely as a fun fact.

Beyond the obvious quality of construction and code compliance issues, how do I ensure the tenant doesn't rip out his whirlpool tub when he vacates and leaves me a mess of wires and plumbing?