I first got in contact with my GC 20 years ago when he came to plow my driveway as a favor to my normal plow guy.

It's not uncommon for buyers using FHA products to face rejected offers or the need to significantly sweeten deals to compete with those favoring conventional loans.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Current Market Conditions: Evaluate whether your local market favors quick sales (fix & flip) or stable rental demand (buy & hold).2.

Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time. 

Keeping some to allow for the monthly cash flow, or if it fails to sell for a favorable price then rent it, if it doesn't rent for what you want then sell it!

But filling in the blanks and remaining anonymous is inconsiderate in my view.Do yourself a favor and learn how to evaluate and present a flip properly before you ask anyone to invest.

I don't want to put boarding all over which would reduce my property value which is what my realtor is recommending me, but I am not sure if I am 100% in favor of it.

Unfortunately, most landlords wait until a problem appears, then they eventually realize they are behind the 8-ball and try to figure out how to fix the problem.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.