It is only a 4 hour drive and I have friends in the area to stay with if need be.

@Mark DiGioia there are numerous property management softwares out there that can help you collect your rent online as well as provide other property management features.

The deposit must stay in title company, a third independent company.

I have recently finished reading No/Low Money Down and am trying to stay creative with my financing options but also want to make sure I fully understand the process and want to make sure that I am able to present a deal that is a win/win for both of us. 

Any that I should stay away from? 

That is why low income areas tend to stay the same in value with little to no appreciation over a long span of time.   

The only thing banks don't like about crypto are the currencies they don't control.None of us want to return to trading the actual goods, so currency is here to stay.

Great question.We stay away from "option fees" because of what has been mentioned here.  

I am sure everyone on BP is a saint but someone may steal the deals from right under your nose.I also think you are underestimating the closing costs.Actually one of the benefits to the area is very reasonable lawyer/title/close fees if you have the right attorneys.Cash close on that property I could stay under $1k.

It is a more tedious process, but the tenant has been in the unit since 2008 and most likely stay forever since rent is subsidized for them.