And while there are good guests/tenants at all price points, the averages tend to be that lower price = harder on property.If good area, the price implies major renovations, in which case, I would think you are looking at well over $100k rehab.  

Rather than asking non potential customers in here you can get a better result from potential customers, As well as tour of the competition.While you are there, maybe take some pics, and make a written record of rental rates and what features they have for that price.In a nutshell, become an expert on this specific investment in your local area and neighborhood, in order to try to reduce the risk of just guessing.Good Luck! 

I don't have a network of investors I am part of, and honestly I don't think these properties are especially well-suited for an investor.

knowingly not having it under contract.Instructing investors to set up fake ‘tax relief’ companies In order to intentionally & maliciously misrepresent themselves to tax delinquent distressed homeowners.

Significant liability attaches to ownership as well as management.

It sounds like you have the perfect set-up for doing this.

I have realtors that can assist you as well. 

And have a portfolio of condo's in Southeast Washington DC as well.

You can follow this forum or set up a "keyword alert" for tax liens.

You can only have 1 FHA loan in your name at a time but you could buy another property after 1-2 years with a conventional 5% down loan and househack that as well and you can use a portion of the rental income to help you qualify for the payment.