If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

In this day and age, I see no issues with considering OOS investing.

@Devang Vora Capex depends on a few things to my understanding; how long you plan to keep the property, the age and state of any of the big ticket items, etc... 

You are in a great place - steady job, great credit score, no liabilities, nice amount of savings and are learning about the business at a young age.  

It depends upon the recent renovations and age of key property infrastructure.In general, based on the assumptions below and in the absence of more detailed information, it feels like the rent is overstated and the expenses are understated.  

There are no income verification programs, full doc programs, lite doc and products that only look at the rents vs the mortgage payment.  

@Andrew Syrios and @Brandt TingenThere are numerous refinance products on the market that will go to 70% (some don't even require income verification if your DCR or D/R is too tight to go full doc) and some even to 75%.  

Figure out jobs and what roi makes sense for your age, goals and long term financial requirements .

-Maintenance, Repairs %age, Cap ex %age: I loop these in together for now, but I have been doing ~20% for all of this combined. 

I am 21 years old, like plenty of college students, so age would not be an issue with them.