I find this option best if you are on a tight time frame and need to save a couple of weeks.  

You’ll need an agent who knows the area well, a solid property manager, reliable contractor connections, and lenders if you plan to use private money.

What’s your game plan for your first rental?

You can’t win the the present value game unless your plan is the absolute best investment plan, AND an owner occupant or neighbor doesn’t want it. 

Furthermore, I fortunately had a visit planned to the US right around closing time so I was able to have everything notarized there.

We have some of those calculators we plan to to add in 2025 for those who want it all-in-one.

These were investments, the value of the assest are there, its the liquid that ran short and had to resort to credit cards to fix up the propertyYou spent $50k from savings, borrowed $50k from a 401k, and are paying it back over five years at around 7.5% interest, then borrowed another $40k from credit cards and are paying that back at around 8% interest, maybe more.

Would have saved everyone's time.

Unless you plan on scaling rapidly and just want to set things up a certain way starting out.

We are working on our first flip house and we didn't plan to do the BRRRR method, although it has come up in conversation multiple times due to the area it is in, we are still tossing the idea around of keeping it as a rental.