Jonathan Pflueger You got me right, I got into real estate by accident.

I would also add as long as no major unexpected repairs come up in case the A.C. or hot water heater were to die.That should hold them short term.

I’ve recently and unexpectedly lost my job.

However; due to the passing of my husband unexpectedly, my business partner/son and I decided to move to Oregon.

If the after repair value is $168k, and the asking price is $78, then factor in how much it would cost to make it look like the $200k finished product.A foreclosed house is going to have unexpected expenses.

You can have positive NOI but negative cash flow (think:  debt service and an unexpected roof replacement costing more than the NOI throws off). 

Unexpected cash calls, short occupancy periods, higher and higher turnover costs are very common when investing out of state - especially when the buyer is looking for higher cash flow.Cash flow is a calculation.  

I actually found a way to do this by accident. 

Investing $300k to split $75k is not a very good return - this is also assuming that nothing unexpected comes up causing the rehab costs to increase and the market holds level.

Yes it might seem like the tenant caused it by accident, but unless there is video of the tenant throwing out the cigarette, and then the fire starting, you can't really prove it.