Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.

I'd then take that cash and ensure I had a solid reserve account set aside. 

I don't think I will have an actual loss besides opportunity since the agent/agency is covering that.Two of my lessons learned are: (1) Ensure all sellers sign the contract!

There are people on Fiverr claiming they can get you TLO/Credit Bureau data for cheap, and I just don't buy it.

That would give you a future outlook as another data point.

The second is using numbers from the county data with the last appraised price. 

As you explore these types of deals, part of your due diligence should be to research the local building departments to ensure the time and costs associated with re-zoning and re-entitiling the property are properly factored into your underwriting.  

There is not too much data to go on, simply the median rent in that city.

My companies biggest focus is providing value to both the new renters with better housing than what is currently available while ensuring our buyer's returns will allow them to keep growing outside of overpriced markets.

@Kevin Auyong I don't have the data to back this hunch up....