If you don't have any trustworthy boots on the ground and you're an out of state investor you can easily get taken advantage of by contractors, real estate agents, wholesellers, etc.I would be happy to assist and connect you with our brokerage if you're interested.

There are other expenses beside the loan that will need to be accounted for such a grounds maintenance and insurance. 

Have you ever built from the ground up and is there land available that would even make it make sense near you? 

If you hit the ground running you can turn a unit or a building around quicker and get yourself to renting sooner. 

I have built a good team on the ground so I figured I can do just as bad lol.

If you do, you have grounds for eviction, if you choose to go that route.

I also know a guy who takes the broad view that Thailand is played out, like the Memphis of Asia, and he's on the ground in Cambodia and Myanmar buying up land and setting up teams. 

I've used other turnkey providers and its nice a full end to end team on the ground.

Thats ground up new construction prices just about.

I ended up putting it around back, around the large cable going to the heat pump unit on the ground.