If you are paying utilities that can be $100+ a month per unit easy and can kill your cash flowFor capex you should keep track of all major systems and appliances and when you will need to replace and work backwards from there for capex

My local market is limited and has weird economic dynamics that make me think about investing remotely every day.While "YES" remote investing is certainly possible, I see that the only way to be successful is to have robust and redundant systems in place in your remote market. 

Without it you are guaranteed to never make it happen. 4)Don’t take it too seriously – it’s a lot to lean and that is why people never really get in to it.Good luck!

Also for the most part $50k neighborhoods are not the greatest, calling them C neighborhoods is a big stretch and that is why the grading system is subjective to personal opinion. 

Lender I work closely with has his process and systems down and is still able to close in 25-30 days max.

Interested in building a Real Estate business.Initially working in the Cape Coral area of Florida.Looking at starting with "Joe Crumps push button system" as a CRM.Welcome all advice as a newbie.

Let it be the seller's surprise now - you can use it to negotiate a lower purchase price, because if the system fails inspection, the seller either fixes it out-of-pocket or accepts a significant reduction in the saleability of the property; thereby making the proposition of seller financing with you much more attractive.

It is very helpful and gives me a lot to research and consider for sure.

I recently sent an email to another investor explaining the off the cuff tenant rating system residential real estate investors tend to use.

I don't have a lot to add, the advice from @Marcia Maynard is excellent.