I appreciate it.john Your plan seems well-thought-out, but I’d keep a few things in mind.

As far as its value, I'd agree with @Ian McDonald that it is something you could build yourself with the right amount of excel expertise and plenty of time.

I'd love to connect. 

Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.

Please don't call it a scam as a result of one client in our MAP program had deals fall through at no fault of the program itself but because of the seller and financing.Last thing I'd like to discuss is the credit repair comment.

@Christopher Smith there are many...but in my opinion really only three companies out there that offer the ability to 721 into a large and diversified REIT that i'd feel comfortable with. 

I'd budget 30k. framing labor in ohio is about $7-$8 per sq ft and materials about the same.

I'd visit in advance to get the lay of the land. 

I'd love to chat with you more about the process.

I'd keep checking back on the OTLA website here: https://dhcd.maryland.gov/Tenant-Landlord-Affairs/Pages/defa...