A much needed one!

Or do I need to wait until I've decided on one realtor to provide the deeper financial info?   

If that is the approximate time frame, then throw them a bone and move on.If they have been unable to use the bathroom since the water incident because it was declared unhealthful, then it would have been much better to have made an insurance claim. 

Simon, Here in FL its much easier for us because we know a few things:1) The U.S. is severely under supplied in housing units. 2) Tons of people are moving to Florida everyday which makes point #1 even more drastic for us. 3) Interest rates are preventing people from selling their homes, because then they would need to re-trade for a higher interest rate buying a new home, which is creating even more housing demand.So with this knowledge, now we move to more market specific data, which is what I talk about in the original post.If a market shows decent growth and demand, then it all boils down to the numbers.Its important not to forget about any costs though.

You really need to use a state-specific lease.

Another useful estimate is to assume that a long-term property's cash flow should be $100 at a minimum after *all* expenses and saving for long-term needs ("CapEx").  

@Bill WagersI would not do a contract for deed on a bar as you remain owner and thus could be liable for issues with the propertyI would do it as a sale and seller finance the property so the estate is no longer on titleIn that instance may not even need a LLC

Hi Piper,Flips are much more active strategies than rentals, so it is a better strategy to stay in state unless there's a very specific reason (ex. too high price).

I'm looking to participate in the upcoming Sheriff's sale in York, PA and I would need financing.

The interest rate on a loan is one factor (of many) you need to consider when building a rental portfolio.