If you demolished inside and they see it you cannot get a standard HELOC you will need to go hard money as most lenders are going to tell you that any worker who stepped on the site can lien the property and HELOC's do not use a new full title report, they rely on the title report of the last sale (again like I started with if people DIY record after closing it's a problem). 

It's about researching and networking effectively but most importantly, building relationships with local experts like property managers, contractors, and real estate agents.The BRRRR strategy can be profitable but it relies heavily on trustworthy partners.

I require a social security number to run a credit/criminal background on every adult.

adults=8&am...

@Troy GandeeYou make a great point, and this sometimes is where people get stuck - in many instances people rely on their interpretation or opinion of things - but In reality if you are the only person or minority who holds that opinion and everyone you need to do business with has a different opinion - you can argue till your blue in the face but if everyone around you who you need to close a transaction will not do it, does it matter what your opinion is?

Easier to rent:  Two bedrooms attracts fewer occupants (not tenants) vs a 3 bedroom where often that extra bedroom is housing an adult kid, dead beat family or friend.  

On a fix and flip, once we have your experience verified, then we are relying on the appraisal to come back at the investor’s anticipated after repair value to ensure maximum leverage can be offered.

G'Day Hughston,The best advice I could give would be to not invest out of state unless you buy turnkey.But that's just me being biased.The second best advice I can give is to focus more on the people that you will be working with over the stats/demographics of a specific area.I'm sure that this has been covered many times in the various BP books but to this day it rings true.You will heavily have to rely on the folks on the ground.They will either make or brake your investment so choose them wisely.If you buy the best house, on the best street, in the best area with the best capital growth projections.But your property manager is incompetent or a cheat.You will loose money.So, team first, area second.Much success

If you decide you are ready to rely on a professional approach to management (with a stable cleaning team at all times) we are happy to help! 

I am not advocating closing before you see it but taking it off the market and then relying on your boots on the ground, skin in the game partner, to help with the due diligence