What's the location, purchase price, expected Reno cost, ARV, etc.?  

Hi, my name is John SibleyI'm located in the gulf coast panhandle of Florida.

I would say that this is an amazing location and you're going to learn so much!

I would like to interject, while data drives decisions, one of the first things I'm looking at is the location and surrounding area. 

The two common ways to get rents up is 1) to move qualified family into the unit for a year 2) perform and extensive rehab such that tenant occupancy is not possible. 

Plus, if the property is in a desirable location, you may have little trouble finding tenants.However, there are potential cons to be mindful of.

Furthermore, whole note investments benefit from an additional 0.5% annualized yield and are entitled to a share of any extension fees charged to the borrower."  

Recognize if you are relying on non enforcement of rules, you are taking on a risk (investing is largely about calculated risks).Enforcement may vary by location but should not. 

However, because I am unable to make trips to scout locations or look at homes in person.

@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?