Take out 40% for expenses and vacancy (to be fair, expenses would likely be higher since you will be an out of town owner) and you arrive at an NOI of roughly $55k. 

Almost all banks want you to have "some skin in the game" or have some money in the property.

Made a fair amount of tax free money that we rolled into a seven unit apartment building.Lessons learned?

I've looked at the demographics for statistics such as income, population age, resale, new development, taxes, economic growth potential and with a few variances which appear to be associated with the size of each area, they seem fairly similar.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

We have a fairly active REIA here that I highly reccomend attending.

The first hurdle with that would be finding someone willing to loan you the down payment and rehab costs when you have no skin in the game and they'd have to be in second position behind the conventional loan. 

Be keenly aware of fair housing laws.

There's a fair amount of young professionals as well as students from Southern CT State University that also add to the renter pool. 

They had major issues with lead times and hitting their deliveries which was annoying, but we have also experienced an issue with the large sliding window in our master bedroom (seems a seal exposure/draft issue) already within a year or so.So I won't be buying Crestline again, maybe not fair but that's my data point...