Buyer pays all closing costs. exactly what I was thinking but my buy and sell numbers vary from yours.

The therapy comment really resonates with me.

@Troy Hardister   @Brian Gibbons   is correct on the two year deal...Lenders vary...but normally they require 2 years of payments and the seller HAS to show them on the taxes....Are you the seller?

I should preface this by saying I'm a statistics junkie.That said, I found the following website yesterday while trying to do research for properties in an area I'm not geographically knowledgeable in.http://www.bestplaces.net/housing/city/colorado/pu...While I still want to dive in deeper, this was a great website for figuring out median incomes, median rents, vacancy rates, crime stats, school quality and pretty much any other information I might want to know about a city.As always, your mileage may vary.

The costs vary depending on the specific accountant and the specific states in which you plan to invest.

The answer to these types of questions can vary so much based on the details of your individual scenario, but it sounds like you don't have a business. 

Southington overall is a B+/A rental market where there are no areas to stay away from while Bristol varies based on location within the city from C to low B. 

Different regions of the country use varying colors.

And does that vary depending on the condition of the house?

Tax laws vary by state.