The gulf coast is a great place to invest and receives tons of visitors every year but we are seasonal(you'll earn most of your money March - Oct) and there is a lot of competition so you can't just pick any property listed in the MLS and make money investing here. 

Typically you can get close to 90% LTV. 

Thanks for all the inputs received so far.

Can you elaborate on the mentorship training you are receiving and/or the cost involved? 

Typically students are seeking housing before year begins (June-August) which typically lines up for active LTR season.

Agents typically charge 1 month's rent to find and screen a tenant and get them on a lease contract.

If they call they leave a message and they receive a reply via the portal, text or email.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

My ideal contact with a realtor would be receiving an email when a new property hits the market. 

In other words, what specific things am I responsible for during escrow for due diligence and processing of paperwork that a lender would typically do?