This is the “over night” success that’s taken 20 years.2 - Superior uncommon knowledge, combined with experience and capital and a willingness to take a risk (speculate).  

Going DIY and self-managing this type of asset from another state may not be an easy task for such a building and neighborhood, it needs more attention (and probably capital).Try an unconventional approach.

The borrower gets the benefit of having access to capital fast and the lender gets the benefit of charging a higher interest rate and not having to pay taxes on the profit.

City National Bank is offering up to a $50,000 grant to buy properties in certain neighborhoods. 

Let’s look at the math.Pre-Covid, the National Apartment Association (NAA) released data showing that the average renewal costs between $5,000-$10,000 per unit.

You’d also make all future capital gains at least partially taxable instead of tax exempt by converting your primary to a rental.

Knowledgeable of the Capital Region and seems to be working on awesome projects.

Currently, I have limited capital, but I'm saving up.

if you try a BRRRR, same thing - you might not get the ARV you were hoping for and so you might have to contribute your own capital. 

Working on my financial fundamentals, namely saving enough free capital to invest.