But there are some challenges; notably it's easy to rehab out all your equity and it can be hard to find contractors/vendors sometimes.Also, a small town can be particularly vulnerable if it's reliant on one major company if that company leaves.

I work in tech, at a software company however have a real estate bug.

You should inform the title company that you'll be assigning the deal to an end buyer, so they postpone the municipal/lien search but proceed with the title search to ensure there are no issues with the title.

@Soumya Brijesh, I own a property management company in the Rio Grande Valley and can assist with any PM needs you might have. 

You are dealing with professional property management companies.

I own a property management company in the Rio Grande Valley and can assist with any PM needs you might have.

I have reached out to credit unions, "quick" close FHA companies and I am waiting to hear back. 

I was researching Property Management Companies and thinking about buying into a franchise Property Management Company.

I would let the insurance company know that the property is a rental.

That alone makes me question the company's competence.