In conducting a background check, I learn the applicant's current neighbors hate him, he's on a first name basis with the local police or he has a variety of other social/criminal issues chasing him.4.

You might find there was a local/state/federal grant that’s been used up.

Also, check out some of the local meetups that you can find in this forum!

Personally, I'd reach out to a local attorney or cpa that specializes in RE for guidance. 

Does your local board of health, building and zoning departments allow hair salon businesses to be run out of private homes? 

An understanding of local rental rates may be gained via websites such as Craigslist, Rentometer, and Zillow.

We live near Los Angeles County and are considering a local/out-of-state purchase.

Call local Agents in your area they should be able to reccomend someone reputable. 

@Anand KhannaI'm in the Reno, NV area and have multiple local lenders I can connect you with. 

Since completion my partner, who was local, has moved and now we are stuck with a property that has gone unmanaged.