My first out of state investment

I am sitting here in SFO getting ready to board my red-eye flight to Cincinnati finishing up work and prepping for the next 2 busy days. I have purchased a SFR in Cincinnati off Glendora Ave. It is right next to the zoo and the university. The basic detail so far are,

Purchase: $68k

Assignment fee: $12k

Est. rehab: $45k

ARV:  $170-200K

Project name: Cincy 1

The goal of this is to break out into real estate in a new market out of California where I am based and currently have 1 SFR rental that Cash flows around $200 a month. With the experience, I have partnered up with a super helpful guy who sold me the property named Jake. We have decided I will be doing the back office work and he will be the boots on the ground since he knows the market. With this project, I am projecting at a minimum I will be able to pull all my cash out when I go to refi the property. I am hoping I will also be able to pull anywhere from $3k-35k depending on the appraisal of property and the lender's max LTV.

Tomorrow I will have another post with photos and some rough bid ideas. In the meantime, if you have any suggestions on what materials to used to tenant proof this project please PM me or leave a comment.