Start hanging out with your local REIA. 

If you are looking 3-5 years down the road In my mind I'd want to have a "not to be under xyz amount" whatever that is to make it make sense to you, but then having the property appraised or using a CMA from a local broker to guid the valuation rather than zillow. 

You will need to furnish them and check with local regulations to see if this is legal but if you can you will make a lot more money this way. 3.

I highly recommend hiring a local RE attorney to draft this unique document.

@Jamie Powers you will need to check with the city for specific local laws, but you should be good with 60 days notice.Good Investing...

You will need to get a local, rockstar Realtor, contractor, lender, and property manager.

Have you attended any local meetup groups in your area or nearest city that focus on this niche?  

Are any of you currently investing in, or considering investing in, my local market in Northern NY, particularly in Oswego, Jefferson, Lewis, and St.

Did Wells Fargo require you to provide any local address?

Also very interested in networking with other investors in areas to find contractors and local help.