When buying a $100k property in those markets your risk should be relatively low as again you are hitting the higher end of rental price points.

I realized that I spend a good chunk of my time during the work week (shh don’t tell my manager) reading through BP posts and making pages of notes.

My other concern is cap rates are relatively low between 6% and 8% max (cash on cash). 

Do you not have any relatives, friends, or reliable handyman nearby that would either handle it or contact you? 

Related question: anyone getting fixed APR on portfolio loans?

Just so we are all on the same page Parma would be a B-Grade Neighborhood but Old Brooklyn is by no means a B-Grade Neighborhood.

So first go to the tax assessor page on the town website, then see if there is a link to a database. 

Do your relatives want to be equity partners or just the lenders?

@Nick TzenevrakisTo answer your question about accounts - if you're buying the property in your name, technically you don't need any separate bank accounts.However, I would highly recommend you set up at least a separate checking account to manage everything related to real estate.

Do you have some numbers you can show us related to parks you own personally?