Cheers,Dan  Dan, investing OOS is like drilling for oil off-shore vs on land: everything is harder, you need different tools and skills, and everything costs more.

Financed the purchase of a 12 unit motel in an area with an oil refinery; the buyer/investor rehabbed and turned it into furnished month to month rentals.  

There is probably little harm in trying and with a very low anchor like that it may help you shave a point or two off.

We had tenants renting for 4yrs, when we got to the property after they moved out we noticed a large oil-stain in the driveway as well as various other smaller oil stains in the driveway.

I found all sorts of things to reference for an eviction including excessive damage to the property, signs of an animal, lack of yard maintenance, oil spill on driveway, smoke detectors removed, the unit smelled of smoke, appliances that came with the unit moved off site ect... 

I maybe would've shaved off $5-10K extra in reno is all that I could've done.

Or figure out how projects are developed and get one "most of the way" (land leased, site planned, permitted, power purchase agreement signed) and then sell the deal to a big developer.My perspective: My W2 for the last 8 years is environmental and development consulting for oil & gas, renewables generation, transmission, and commercial RE development.

Look for cracks in the foundation, walls, or ceilings, as these may suggest settling or shifting.Additionally, keep an eye out for pest infestations, particularly termites or carpenter ants, which can cause significant damage to wooden structures.Lastly, be aware of environmental concerns such as radon levels and underground oil tanks, which can pose health risks.Having a qualified home inspector conduct a thorough evaluation is essential.

Kind of like raising earthworms or Ostriches for skin care oil.  

Which would shave off significant time.We also build Single Family homes on scattered lots (.25acres +/-) that have been subdivided.