It is being offered at $47 per month by the Property Manager that we are planning to hire.

Quote from @Adam Czachor: If you're going to be an absentee landlord, I would start by looking for highly skilled property managers that can handle whatever you purchase.

A DSCR 1 ratio is usually required by many lenders for best terms (some require higher such as a DSCR 1.2 ratio) so having a higher rate for 80% LTV makes that more difficult. 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

It was previously owned by a husband and wife, the husband being active duty military since mid 2000s. 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

By utilizing our own funds, we could efficiently execute the deal and maximize returns, demonstrating our commitment to facilitating successful real estate investments for our partners.

You should stop by the Cash-Flow Breakfast club in Moco, great community/networking for real estate investing.

I recommend you read "Long-Distance Real Estate Investing" by David Greene and consider investing in a different market.

Rently just called me today to tell me they have smart home locks and the tenants can turn on the lights, a/c etc.