Without sharing greater detail of your proposed investment, no one can offer anything of value in terms of what types of returns they would want to see to compensate for that risk.

Nice to meet you all. I

I have a window into the PRE REOs coming to me, and lately, that list is getting LONG.

Then once it's acquired and/or fixed up you could shop around for long term financing if planning on holding the property rather than flipping it. 

Does it make a difference for privacy (in terms of public records, so disregarding lawsuits)?

They see a renewal of the current business tax rates, regulation and permitting rules getting slashed, tax code being simplified, and federal deficits on a one-way ticket down the elevator (which are a longterm drag on economic productivity).Just look at the growth in tax code complexity over the last 20 years.

What if they change the terms on you last minute?

I have read the book on long distance investing and still am not too confident to get started.

I'd make sure it would do well with long term in case you get sick of mid term and want to convert it to long term.    

You’d need to check the local laws to see what counts.Tenant Violations: If they’re breaking lease terms—like not paying rent or subletting—you might have grounds to evict.