It fits the 1% rule that some people use. 

This will make it easier for you to research just for Markets that focus on your personal strategy.Once you have a market ( with low taxes, high rental demand, landlord-friendly laws... a few things I would def look for in any market as an investor ) that fits your personal strategy.

Once you find a market that best fits your startegy then start looking into the market. 

How did you fit all these onto a 100 AMP Panel along with all your other house needs (lighting, fridge, etc..)Appreciate any response you give as I am desperately trying to piece this together as an option over forced air as it seems to better suit this small house.Jared

In addition to the excellent feedback you received already, I'll outline below some of the benefits of using a Solo 401k instead of a self-directed IRA in case you are eligible.

. - The property manager should be able to educate you on a market (if needed) , help you form a strategy, fit right into your due diligence process, and execute on a clear takeover game plan as soon as you hold title.- Resonable pricing for the area! 

However, we wanted to make sure our basement fit these requirements to make it a 3rd bedroom.1.402.1 Habitable Spaces2.403.1 Habitable Spaces3.404.2 min room widths4.404.3 Min ceiling heights5.404.4.5 Other requirements6.404.4 Bedroom and living room requirementsFrom the picturesthe basement window is greater than 44inches from the ground on the inside.

.- Vacancy (7%), Taxes (get actual #), Insurance (get a quote), Cap Ex and Repairs (15%), Property management (8%), Trash (get quote if needed), Landscaping (get quote).You can change them around as you see fit, i.e. it was just remodeled so there won't be as many repairs/cap ex.Good luck.

Honestly, tracking costs in excel (or even on paper, if your accountant will accept it) is easier than it sounds. 

If they seem like a good fit do everything you can to become their friend, biggest supporter, and find a way to add value to them.