It's essential to thoroughly research the local market, understand the risks, and carefully evaluate each investment opportunity before making a decision.As a Minnesota native, I can confidently say that I prefer the warmth of a sunny state over the cold and snowy climate I grew up in.

You’re acknowledging their expertise and the role they play in making you feel confident about your investment.Wishing you all the best with this deal and hoping it’s the first of many successful ventures for you!

Once you have this team in place, you should be able to invest in any market confidently.

Consider utilizing a HELOC for a flip/brrr where you are extremely confident you can turn it around in 6-9 months (max), so you don't hold that 2nd property leveraging the first for longer than necessary; especially with single-family rentals.  

I believe it is at replacement cost, but I am not 100% confident.

Given the location's high demand and appreciation rates, if everything checks out and you feel confident in the repairs promised, it could be a solid investment.

For example in DFW get a good understanding and confidence on the rental cost per unit type and what the sizes get where in the area.

If it is vacant, you feel confident and comfortable with the other contractor after doing your DD AND they have a lower quote, why not give them a go?

Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.

Rachel left her engineering job to broker full time too.I'm happy to help you gain some confidence evaluating properties (whether it's BRRR, ADU conversion, or DADU development) and build your team (contractors, conventional lenders, hard money lenders, etc.).