Here is my simple Top 5:1.Review the market – Understand the trends and conditions in the area.2.Analyze the property and the numbers – Ensure the deal makes financial sense.3.Visit the property – There’s no substitute for seeing it firsthand.4.Meet the team – Whether it’s your property manager, builder, or contractor, relationships matter.5.Complete inspections and appraisals – These protect you from costly surprises.If all these boxes are checked and the numbers work for your goals, then it’s likely a solid deal.

but about assigning responsibility for the adherence to your lease terms and respect of the property.Best...

Thanks again for the detailed response! 

(you gotta get the wife on board first😁)I probably won’t do an OOS BRRRR yet but maybe something that the repairs are not as extensive if I can find a deal with working numbers.Tanks for the response. 

. :)  IIf you're young in the area that you're in doesn't have much multi family then I can definitely be a solid type of investment strategy for that type of person in that situation.

Without a solid plan, fix & flips would be huge gamble.

At the same time though, if you are the one who walked into the store and tried on the clothes and asked the sales clerk how it looks, then your asking to be influenced. if you spend time on a real estate investing website where people are in the business of investing in real estate and you ask if you should invest, you will likely get a lot of responses that say you should invest in real estate and let me help you for a fee.

I do the same for my LTRs, tenants have to get their own utility accounts and they are fully responsible.

Since you are new to the market, you can look at what the top rent pulls look like and cater accordingly on the design.You always want to build relationships with contractors, but that takes time and you always need a solid bench, just like in basketball because some days your starting plumber just doesn't show up and you need to bring in the backup.The rates are the rates and they aren't going way down soon so it's just part of a different metric to evaluate in your new market.Good luck!

Any home you buy with $20,000 is likely going to be a fixer-upper, which means it can be heavy on repairs, turnover costs, vacancies, etc.