You’re spot on about both FHA 203k and Fannie Mae HomeStyle loans being great tools for renovation projects.

Work with experienced local realtors, attend investor meetups, and use tools like Zillow, Redfin, and Rentometer to analyze potential properties.Good luck!

Whether it’s a multifamily in Boston, a value-add deal in Worcester, or an investment property in Lowell, the key takeaway is the same: the listing price is not the purchase price.Here’s an example I use with clients: If I sell a 3-family for $650,000 and list it at $599,900, suddenly, it looks like it sold for $50k over asking—“Wow, it must be a great deal!”

@Richard DWhat kinda property sold for $3250?

However, as this is my first time pursuing such an investment, I am uncertain about how quickly these properties can be sold after purchase.

Could I have instantaneously sold the property at a significant profit?  

So, for those people especially it is a small useful tool.

It's why most large landlords use their own in-house tools/software they pay someone a one time fee to setup for them and then hand off. 

Flying in monthly helps, but having a local contact (realtor, manager, or trusted partner) is key for regular updates.Use tools like progress photos, video calls, or project management apps to stay connected, and schedule visits at critical stages of the project.

You may end up needing to go through the whole foreclosure process which can take a lot of time and cost a lot of money, and you may end up getting the property back in much worse condition than when you sold it, potentially with a squatter in it and months of lost rent, and in a worst case scenario you will be in a much worse position than if you had just sold it outright.