We add to this by considering "point" data nearby that are related to supply, demand, performance, and risk.

We are seeing the average 3 bed 2 bath with minimal rehab running in the 150K-200K range and property taxes are currently low, creating a good opportunity here to prop up the rental market which is slowly running out of supply to the increased demand. 

LTR’s are also in tight supply and demand high.  

@Steven Andrews If you want to do a no money out of pocket deal, bring in a partner to supply the money.

Also, I'm not seeing a vacancy rate, utility expenses, admin costs (city license fees, accounting fees, office supplies, etc).

While this demand may be poised to take up the additional new supply, millennial demand may not align with the price point and areas that will see the sharpest rise in the supply of available homes.

Just change the admin passwords if you’re concerned about security.Cable router and supply them with WiFi name & password, we’ve never had any issues. 

As a global comment, a $550k or $700k property that only brings in $3500/month is never going to work.

It’s based on supply, demand, and price.

Top discoveries so far: electrical boxes which are depth adjustable, pex supply lines, sink drain wrenches, and handheld ratcheting abs cutters, cutting in paint without taping (the Idaho painter), Wagner paint sticks, and heat gunning drywall mudd for a quicker patch.On contractors get a handful of rough quotes (~7) over the phone on each item, 3-4 in person walk through bids, and pick the person to do it.