The property is rural so cost of utilities and development may be higher, but on the flip side there is currently no competition, extreme demand and very few other properties that could potentially compete in the future.

Explore options like renting the property as-is at a lower rate, investing in repairs for higher rent and better tenants, or selling if repairs are extensive and tenant hassles outweigh potential returns.

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

I ultimately settled on Kansas City and that's where I'm planning to buy in the next few years.Being Very Conservative with Cash Flow ProjectionsI'm an analytical person by nature, so the whole process of analyzing potential cash flow from a rental property always appealed to me.I've always been extremely conservative when estimating cash flow projections.

Or does anyone know a lender that will not require wind cover and just allow hazard and GL since I also have to renew my loan 

The landlord said that its not zoned for business and that would raise flags with the IRS and i could potentially get audited. keep in mind that i have a consulting business. is there some truth to this because i do have a home office at the house as well. the rent is 1600 per month. that 1600 per month and utilities wouldn't be a tax write off to my LLC?

Sellers can benefit from a potentially higher sale price and interest income.this simply is not correct.. 

A thorough evaluation will help you identify potential risks and make informed decisions about whether a property is worth investing in.Here are some key factors to consider when evaluating a distressed property:Location: Location is one of the most important factors in real estate, and it's no different when it comes to distressed properties.

Also, thoughts on potentially investing abroad first vs the tri-state area (where house prices have skyrocketed)?

❌ Stop dividing the NOI by a cap rate to find the value of a deal.When I come across a potential deal, that's the last thing I do.