And of course your area may be different in terms of cost and also some jobs don't require a full cosmetic renovation, but most of mine have.Then of course check the big ticket items like HVAC, roof, exterior siding/masonry repair, windows, interior sheetrock replacement, foundation and water heater and know approximately what it will cost to fix/replace each if warranted.  

I would make sure someone from your side of the transaction makes sure the tenants are the ones that sign it.

I have interest in Germantown as well, and though I do not have much experience with the immediate area, my investor-minded realtor has recommended staying near Germantown ave on the Mt Airy side of town due to increasing development. 

I know its hot right now but I'm concerned it's becoming oversaturated/the market is about to crash.

@Adam L. welcome to BP, sounds like you already have a head start on the finance side of things.

I got a hot lead through my uncle.

I'd be happy to give you a contact or two there on the residential side.

I’m am going to be included on the investment side and also do the rehab on the flip.

If you felt better having someone on your side, it'd be cheaper to pay an RE agent than a lawyer.Do you have a turnkey company picked out you want to buy from?

Because of that, whenever I am analyzing something recently, my first instinct is: if it works on the  numbers side, move quickly and be prepared to find something out later that may nuke the deal.