This is for an out-of-state property - I presume the state that matters is the one where the property is located, not where I or the lenders are located.

Solid neighborhood.More rural & spread-out than some of the other areas we saw.Seems decent, but same as Morrow, cash flow seems pretty stable but not sure about appreciation.(4) Jonesboro We were expecting this be more rough just based on some of the listings we've seen online.

Welcome, its a good feeling to own your own deal, no matter how small you start.

I am curious as to what could cause a red flag as far as the origin mattering?

Seems like the most likely scenario is that he already has a buyer lined up and no matter what you do it might as well already be sold. 

Online payments are paperless and hassle-free if you can get your tenants sign up for it. 

Understanding The Income Tax Implications Of Tap Home EquityPrior to the passage of the Tax Cuts and Jobs Act of 2017 interest on up to $100,000 of second mortgage debt via home equity loans or HELOCs was tax deductible no matter how the money was used.

There are plenty of online tools available to help you develop a plan which gives you the ability to track progress.

Below is more context:- We all have full time jobs and in our early 30's- 2 of us live in New York City and 1 lives in Boston, if that matters- All of us are planning to do equal investment and buy the property in all cash- Our strategy for the first property is to go for cash flow - We are only going to buy one property under this LLC. 

. § 91.006), your landlord must make reasonable efforts to re-rent your unit—no matter what your reason for leaving—rather than charge you for the total remaining rent due under the lease.