Recommendations include moving the patio away from the house and adding a retaining wall.Other considerations:I already have a team in place locally to manage the property and handle repairsI visit the area biannuallyThere’s another couple interested in the property and supposedly making an offer.I haven’t secured preapproval for a loan yetMy credit union only services Oregon/Washington, so I can’t use them for a loanI’m unsure about the process of buying an investment property from out of state, as a first time home buyer, especially since I don’t plan to live in the property myselfWhat I’d like to know:Does this seem like a solid investment opportunity?

Next I think I'll read Brandon Turner's "The Book on Rental Property Investing" as that seems like what I'm drawn to initially.Beyond that, I'm focusing on:-Scanning/reading any posts that catch my fancy-Keeping an ongoing notebook of things I want to dive into further-Reaching out/making local connections (KC area)-Discovering if there are any clubs/meet-ups/groups I should joinI think with that, my path will start to take shape.

I work for a Property Management company in New Jersey, where we manage various properties across the state and New York City.

Fouad,mortgage closing costs: 2 to 5% This look okay especially if you include buying pointsproperty value appreciation: 3 to 6% I would go with 1 - 3% as it varies for neighborhood/area to even buildingscash on cash return: 2 to 4% This should be higher than your range.cap rate: 4 to 5% Not surerent growth: 3 to 5% 1-3% depending on the arearental property expenses growth: 2 to 4% This seems okayrepairs & maintenance cost: 5 to 10% This seems okaycapex: 1 to 3 % Not sureVacancy rate: 4 to 6% Depending on the area, I would put this to 1-2 months on average.

I would also suggest to start networking with some in your area as well.  

Just a ton of beginner questions and would love to chat with someone about it if anyone is in the Morris County/Union county area!

Hello,My Name is Mikey Bentivegna and im from York, PA.

I will getting loan on my LLC(it is my second property in the area) and I have a credit score of 800+.

@Mitch Tauer I'm a PM and real estate broker that services the area. 

He explain that to remove the dust, I could clean the areas very well.