If the tenant has an active renters insurance policy, most likely, their policy would handle the displacement.

One of the biggest excuses I make right now is the cost of entry in Seattle, along with not really knowing which areas are the most critical to focus in on, and try to process as much content as possible.

The most popular markets are ClevelandToledoMemphisBirminghamKCIndyDetroitEach of these markets is popular with turnkey investors because of the low barrier to entry, high rental demand & high rent to price ratio.

Let you PM handle everything.

Are there any provisions in the lease to handle the months when the utilities go above what you expected?

Moving forward, I would add the cost of landscaping to the rent and handle it yourself. 

Hey @Braden Just,MK3 Construction handles rental property renovations, not sure about the historical tax credit piece though. 

I was hoping this route to be my easiest entry into the field of real estate investing.

Sounds like you have a good handle on things.

Also keep in mind that if you buy a rental you will want to keep some cash reserves on hand to handle maintenance/cap ex - of course that depends on the condition of the property you buy, or the level of rehab you do if you fix one up.