I started a contracting business doing general contracting with a focus on roofing with a business partner i met at my main job.

Work into your numbers what you think it will need in deferred maintenance right away, and what it will need each year from then on.Those are the main things I think of, but judging by the rent to price ratio, it looks to be a great start (at least in Nashville it would be)!

My main goal will always be to build a portfolio of long-term buy and hold investments and to acquire properties with as minimal cash invested as possible.

I would just ad that sometimes you need to point out the benefits of owner financing to seller like the tax is spread out over the years and he will actually get more for the propert due to interest.

Typically the value is cheaper, which is a benefit to you as the long term buy and hold investor. 

Off street parking, low maintenance, open floor plan on main level, central-air, fenced rear yard.

Ask them to confirm the apartment was 125 Main st, when the tenant claims it was 225 Main st.

However, if you can benefit from more depreciation, then this is only a start.

I have listened to numerous podcasts, read some books (including Josh and Brandon's newest one) and the main theme after doing some research is to obviously get on BP and start networking.

I recently got a gig in Maine and the commute is killing me.