We submitted for a remodel permit on February 1.

Hello real estate broker said property will be up for sale under market value 2 bedroom coop in Woodside, NY area in the 400k range value range for a fixed up same apt is listed and sold 545k same size 950sf to remodel all of apt am assuming 50k cosmetic remodeling not in the walls.

If the apartment toilets continue to flush OK, the sewer line may actually be clear and fine.

Make sure you have a backup plan (ie STR rental, remodel the units to build equity in the house and sell, stay longer than 1 year, etc). 

In my hometownHome had been renovated/remodeled How did you find this deal and how did you negotiate it?

I also have experience managing remodels, contractors, subs etc and have even taken some community college trades courses (framing etc) so I have some basic trades knowledge.

For example, Zillow does a horrible evaluation of my home because it doesn't factor in the fact that I spent over $200K in an addition, full remodel, and a garage conversion into an ADU. 

Home Depot/Lowes have done lots of demographic studies before building looking for areas where there is building going on as well as a population that is doing remodeling. 

Purchased for $850k.2021 - Remodeling cost $32k2024 - Moved to a different house.

No matter how good your systems are you will likely end up in that city a few times per year at least, especially in the early years.With that being said, once you have your core team established in long-distance investing, it becomes much easier and problems equal google searches for vendors, phone calls and book keeping in your life (project management) vs. swinging the hammer or fixing a toilet yourself because you're forced to put those systems in place.I live in a similarly expensive city and would honestly be stoked to find a duplex in Denver for $600K!