Long Distance Buying Process

[Jason Lam]

I am fairly confused on the closing process for an out of state investor. Lets say the numbers look good but I would like some additional photos and video as the ones listed online are not the best.

Is the next step for me to ask the realtor to go through and take photos and video?

Lets say that all checks out on a visual aspect, what happens next? this is where I get confused.

Once all the visuals check but it needs some rehab do you just eyeball the estimated cost or do I have a GC go check out the unit before I put it under contract?

Does it make sense to put a home under contract before you get all the visual details needed but just have contingencies to back out? How would these normally be worded? if repairs are quoted of X then contact can be terminated?

Thanks for helping me out here so I can understand this process.