I personally never pass the “viewing” phase of showing a pnt if they cannot see it in person.

In you startup phase, the answer may be different than if you are rich and successful.

Without RE pro status, If your AGI is below 100k, you can deduct 25k in a loss and the deduction phased out and is completely gone after 150k. 

I've been reading David Greene's Long-Distance Real Estate Investing to build some knowledge but I don't want to get stuck in the analysis paralysis phase and would like to take action as soon as possible.I'm mainly looking for small multi-family properties (duplex, triplex, fourplex) to start with and eventually expand towards commercial properties. 

(This includes mortgage payments, taxes, insurance, utilities, HOA fees, etc. that occur during the Rehab Phase and up until the property is fully rented)= $310,000 (not including Closing and Holding Costs) Maximum Allowable OfferYour Purchase price of $250,000 is below this amount. 

If your AGI is between 100 to 150, the 25k is phased out and get partial deduction until you reach 150k.If your AGI is more than 150k, then those losses will be suspended (unless you qualify as RE professional) until when you sell the house and will offset your passive gain when you dispose.

The rooms definitely need a facelift (paint/floor refinishing) but may need more work (I have not yet gotten to the inspection phase).

Reaching out for advice bc I’m currently stuck in the paralysis-by-analysis phase.

If you are having to evict so frequently then it is obvious to me that during the discovery phase of the application, the PM is not doing their due diligence as best they could.

Hey BP,I'm hoping to get some advice from investors who have successfully done a long distance BRRRR.I'm hunting for my first investment property and my goal is to do an out-of-state BRRRR for a single-family home.I read @David Greene's fantastic book, and have been following his methodology step-by-step.I'm currently in the team-building phase to have my boots on the ground.