I will typically fly east to check out the land before the sale closes (term/condition in contract).

In R-1AA, R-1A, R-1, R-1N and R-2A zoning districts an Accessory Apartment, Accessory Cottage, or Garage Apartment may beallowed as a second dwelling unit on a single-family building site under the following conditions:i) Accessory Apartment.(1) Inside the Traditional City, one Accessory Apartment shall be allowed as a Permitted Use when the building site is at least 1.5 times theminimum lot size for the applicable zoning district.(2) Outside the Traditional City, one Accessory Apartment may be allowed as a Conditional Use in accordance with the regulations andprocedures provided in Chapter 65, Part 2D, when the building site is at last 1.5 times the minimum lot size for the applicable zoningdistrict.ii) Accessory Cottage.(1) Inside the Traditional City, one Accessory Cottage shall be allowed as a Permitted Use when the building site is at least 2.0 times theminimum lot size for the applicable zoning district.(2) Outside the Traditional City in the R-1AA, R-1A, R-1 and R-1N Districts, one Accessory Cottage may be allowed as a Conditional Use inaccordance with the regulations and procedures provided in Chapter 65, Part 2D provided that the building site is at least 2.0 times theminimum lot size for the applicable zoning district.(3) In the R-2A district inside and outside of the Traditional City, Accessory Cottages shall be a permitted use provided that the minimumbuilding site area for an Accessory Cottage shall be the same as that required for a duplex development.

Comps are tough as it is the smallest (1/1, 800 sq ft), worst looking/condition house in the area & we aren't in a neighborhood.  

Lastly, having a larger monthly cash flow, especially on your first property, will make it easier to build up a cushion in your rental account for unforseen large repairs or vacancy.I'l quickly touch on an angle I've used while acquiring rental properties, especially those in poor condition or those where the price is already reasonable for what it is.

M&S air conditioning.

Always ask to see all the units unless it is contingent on an accepted offer or other condition 

When I was heavy into the BRRRR strategy, before it had a cool name, I was rehabbing close to flip condition using less expensive materials where I could to achieve a comparable property to the flip houses in order to get the best value on the refi.

I want to know what the current condition and life expectancy is of all major components and appliances is. 

This is much more effective in the long run as opposed to scrolling through social media and watching television.Manage your time well: Time management is essential to success.

Cash flow before expenses = $1200 means depending on condition of house, real cash flow could be a whole lot less.