Its a difficult and costly process, but usually lead to high returns if done correctly.Im in Central FL, so this is from my experience.

with the market flat, contractors booked up, materials expensive and tremendous competition for deals it is very, very difficult for a new investor at this time.i've used hard money and also bought with cash and then financed the rehab.

Mixing revenue across different entities can make accounting and taxes difficult.

It's located 9.5 hours of a rough mountain drive so work would be difficult until spring.  

It's incredibly difficult to find anything that breaks even on a note less than 30 years, I mean you're nearly half way to having that place in Dallas paid off! 

@Daniel AfonsoThat is a difficult question to answer.

Philadelphia has long been recognized as one of the most difficult cities to engage in business. 

Very difficult and more expensive to get a HELOC on a rental.

@Anthony Abruzzo while it is possible to remotely DIY manage, VERY difficult to do with zero experience.

It's a great question because it may be difficult to find these operators since they can't advertise their deals.I'm looking forward to seeing who comes up on your listThanks for the questionGino