There are so many bad fly-by-night PM operations that you never want to take your eye off of your business.

It should gross about 100,000 a month with me keeping my eyes on it. 

I have $0 debt, which I am not sure if it is a good or bad thing at the eyes of a mortgage lender. 

How would owner's investments affect the cash flow statement in the banks eyes?

After closing on the first property in January, I did fly out there to meet the realtor and contractor and put eyes on the house, then spent a few hours with the realtor driving around the area I bought in and other adjacent areas, both good and bad, so I would have an idea of where I wanted to go for my 2nd purchase.My realtor was indispensable for being my eyes and ears on the ground, and he traveled to the property quite a bit for things that required someone to be there (inspection, turning on gas, letting contractor get in, etc).

I'd like to hear from experienced buyers/seller on what I should keep an eye out for or potential deal breakers.

I had a friend who was in the city I was moving to look at 2 properties I found online, and be my eyes for me.

@Raphael Collazo I cover Louisville too, and would be happy to keep my eyes open for deals that pop up if you’d like. 

I just noticed the one right next to EYE 5 and saw like I said at least 50 to 100 specs going up..

You need someone very familiar with the area and realistic about expectations for you when it comes to vacancies, turnover, and maintenance costs.Repairs on that many units in a lower-class neighborhood can eat away at your cashflow in the blink of an eye.