This deal taught me the importance of overestimating rehab costs and always having a solid team of professionals on How did you find this deal and how did you negotiate it?

I do think brand can play a very important role in the long term of something like this.

However, I emphasized the importance of open communication and encouraged them to reach out proactively if they foresee any challenges with future rent payments.

Lending terms will be important here.I'd say the biggest challenge thus far is making sure I feel comfortable managing this remotely, as it's located about ~150 miles east of Dallas. 

Maybe not anymore, for now: https://natlawreview.com/article/texas-federal-court-issues-nationwide-injunction-against-enforcement-corporate

It is really important to make sure you find a quality agent who is familiar with the market and neighborhoods there so they can point you in the best direction to meet your investment goals.

Something of this magnitude would normally have a newspaper article, or a publicly accessible court docket.

It is important that you hire professionals who have experience working with foreign investors.

Let’s just say this house taught me the importance of staying calm when your plumber says, We’ve got a problem, and your electrician just stops answering calls...

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.