As for the property you posted, that is a great area. 

Financing your second property can be tricky since lenders may only count 75% of rental income toward your debt-to-income ratio, so get pre-approved early.

Typically if no one bids on the property, they will initiate a price reduction on it.

Even if you aren't a property management company, you can still use platforms like AppFolio, Yardi, Buildium, and so on.Excel makes it too easy to forget something.

Verify that the info of that landlord is correct through property records. 

It's more important than doing individual property analysis, because when you do a proper market analysis, you are analyzing ALL of the properties in any market(s) at the same time.Now, one of the analysis "pitfalls" is not understanding what defines a market, or more importantly, a Micro-market.Another problem is focusing on one strategy, and trying to fit each market/property. 

@Raquel ReedRecommend you understand the property Classes, so you buy wisely!

Are you looking to buy & hold, fix/flip, or wholesale properties?

I would much rather add a property to my portfolio..

Vacant properties are targets.