I have my eye on a few neighborhoods.  

I'd drop 10k without blinking an eye at work and then wonder why all my money was gone so fast at home when I was not even flinching at 500-1000 purchases for me. 

I'll keep my eyes open for you.

It doesn't have to be thorough, I just want to know what red flags and opportunities a trained eye can see when looking at this for just a couple minutes.http://www.zillow.com/homedetails/2858-Boulevard-P...http://www.zillow.com/homedetails/5928-Devington-R...Thanks for any assistance, wisdom, advice, and feedback!

As another side note, you best keep an eye on those outstanding tax certificates as they at a point where they can petition for a tax foreclosure for lack of payment.  

You should take a trip out there for a week, and just drive the area, get a feell for it and your eyes will open up, and it will give you more insight on where an out of state investor should buy, dont get me wrong, Lake County is gem to me, and this county has alot of nice house for cheap that rent well.

I've learned it's best to collect a significant security deposit at the start of tenancy, to have a strong lease/rental agreement, to do regular property maintenance inspections (keeping an eye out for lease violations at the same time), and to enforce the terms of the rental agreement swiftly, fairly, firmly and respectfully.

Have all of your loan documents ready so you look good in their eyes.  

I need to respect the tenants privacy as well as keep an eye on my investments.

The rural development loans didn't work for us this time due to the lifestyle up here, with an eye towards renting to single families, we didn't want to add the caveat of having to haul water to a dry property, and most renters want amenities such as electricity and plumbing lol.