Additionally, follow up with PM to establish their process for passing off the property to include leases, tenant contact, rent ledgers, inspection reports and the like.

Importantly, the LOI isn't legally binding but serves as a preliminary document outlining your interest, potential purchase price, and contingencies, allowing for negotiation before finalizing a purchase agreement.

Many investors have full time W2 jobs, myself included.

I’ll be working out of state with these folks so it’s important to me that they are good, dependable people with connections to be my hands, feet, eyes on the ground.

Having a good tool and using it correctly can make a huge difference.Another important question to ask is: What's your cash flow expectation?

Be sure your marketing and your application include whether you have a pets/no pets policy; assistance animal policy; ALL adults must complete application and will be named on the Rental Agreement; utility responsibilities; SD requirement; when and how various funds are due (app fee, SD, initial rent, etc).

@Jordan Hanks - Some companies including Evolve Vacation Rentals charge 10% for booking and marketing, with extra fees for cleaning, re-stocking, etc.

The water, gas and electric are all on one bill - so it will have to be a "utilities included" rental. 

It's important to note that only judicial foreclosure sales will eliminate federal judgment liens (other than federal tax liens) in favor of the United States, subject to a right of redemption (1 year).

+Make sure the headline includes useful details (ex. free parking, dog-friendly, W/D in unit, 3 blocks to downtown) rather than generic words (ex. comfy, spacious, light-filled).