I have noticed that a lot of the houses in Chestnut Park have stupid high taxes, so you need to keep an eye out on that.  

Many people with really high net worth in many cases do not want to be in the public eye.

I have had my eye on this property for a while http://www.redfin.com/WA/Burien/15002-4th-Ave-S-98148/home/338527Happy Hunting!!

3) Keep an eye on the big picture so you can adjust your plan as you go.

I would think if the gross rent increased $150.00/month it would increase the purchase price value more that $1,800.00 in an investors eyes.

As far as the benefits, there are more than meets the eye.

I am their eyes and ears here in Atlanta when they cant be here physically.

It sounds like you have an attitude that will help you to mitigate the risks.In my view, the two biggest risk factors with your plan are 1) repair cost overruns due to unforeseen structural or costly problems and 2) repair cost overruns due to theft.If your eyes are wide open to these factors and you have enough financial cushion to learn from your mistakes and keep going I think you can do well.

Not long after I met a guy that could sell anything you lay your eyes on and he was doing pretty well to with a 3rd party wealthy factory owner that was backing him.

As far as sea chickens...ill have to keep an eye out for them.