I'm not too familiar with that area but it doesn't appear to be a major growth city.

However, a major feedback we have been getting is the fact there is no fence. 

IMO these need major rehab work and are only attractive in "hot" areas where flippers can turn around and resell them for $100k+ to retail buyers.

This was a major rehab with new HVAC and new Water heater.

Only a few lots that size go on sale every year and the majority are sloped or wooded.

There are the superficial indicators of a good flip as well – proximity to major city hubs and transportation, quality of local school, crime stats in the neighborhood, etc.

Yes its a PITA to move in in/out, but not worth the battle for saying no to a pretty basic request.The majority of CA rentals don't supply a refrig..... just stove, dishwasher etc.... not even washer/dryer....some do, but a larger % don't in general.

Are there any major non financial considerations that I need to address?

I actually gave the appraiser one comp that was favorable for us, but across a major street that divides two neighborhoods.

@Brent Watanabe in my opinion, the property manager is the key ingredient in a successful out of state investment recipe--they already have a network of contractors, handyman, know how to vet them and negotiate pricing and plus they have access to deals--many times clients are selling or changing up their portfolios, and you have to be a broker to be a PM.