I spoke with him and he was very respectful and explained to me how he is trying to find a job and he has applied to McD's and dollar general and a few other low paying jobs. 

For my first-time investors, I recommend going the townhouse route because they are very rentable, less per door than SFH, appreciate well and much of the exterior maintenance is handled by the HOA.Happy to chat and answer any questions you have about the area.

Looking at rentals in the area I think I could rent the house for somewhere between $2400-$2600, which doesn’t leave much room for maintenance, vacancy, and a property manager(assuming this is necessary since I will be so far away).

In Denver, for instance, there are suburbs where you can find 4br SFHs in the low-to-mid $500,000s, but you can occasionally find a 5br for that price.

., $50/sq ft - seems too low), which makes no sense to me.

I usually get 10-12% interest as a private lender.3) Low risk.

.- This is MOSTLY a joke but only buy a home if it's 5 minutes or less from a Home Depot or Lowes.

Factor in a buffer for maintenance and unexpected costs.It's also wise to discuss rent, utilities, house rules, and guest policies upfront.

Landlord friendly state, as well as, constant job growth and low cost of ownership makes this area great for REI.

My guess is that they won't but I have no firsthand experience because I haven't bought anything from them at that low of a price.Good luck!