Property is located in the Spring, Texas area List Price $155,000Taxes $4,279/YRRent: $1,550-$1,600We would be putting 20% downInsurance: $1,100Potential Neighborhood fee of $100. annuallyIn my calculation I figured in Property Management (5%) we plan on managing it ourselves but felt we should still build that in.  10% for Vacancy and 5% for Repairs monthly.

My partner and I got super excited and within a week located the property, visited it, put together a report and a business plan.

It's located in Odenton, MD.  

For a rental property, what location criteria should I take into account?

Hello BP family,So after taking the advice of Brandon Parker and learning what's a good deal by analyzing 100 bad ones, I came across this one, located in Memphis. 

I'm sure all of this varies greatly by property, location, and HOA, but any insight would be appreciated.

Another observation was "It was observed in several locations throughout the interior that 2 prong non grounded and obsolete outlets are present.

I don't represent competitive options for a single location, but will PM you the companies/agents I know who do. 

They can actually set up to have a mobile notary in the buyers area, show up to a specific location and time that the buyer provides you to sign and notarize the documents with them.I would first try to find a title company that does mail away closings.

The local 1-2 location banks typically have the most flexibility when it comes to creative financing.