I currently have about $50k in cash and am looking to spend no more than $250k on my first property (less depending on the area, number of units, etc.), inclusive of any renovation costs. 

We only work with investors who take the steps to get pre-qualified and spend a bit of time getting to know our company and allowing us to get to know them. 

Where I have seen AI or other tools help is with the initial data entry process, so one can spend their time analyzing and modeling the data (vs. keying in data).

But at a $1.5M asking price, as long as you don't have to spend more than $300k in rehab (without raising rents), this is a slam dunk deal that should easily be financed  at 75% LTV by a "investment real estate-friendly" bank/credit union that is located fairly close to the properties.

Keep in mind most travelers are unwilling to spend more than $2400 with most around the $1600-1800 range.What I have found is that travel nurses often want to spend at little as possible so they can pocket the stipend. 

Sounds like we are in the same boat with a handyman :) And to @Jonathan Klemm point, I have to weigh the mental capacity of handling issues remote versus spending time with family.

If you spend the entire $300k restoring the property, then here is the end result:- deductible casualty loss of $50k- no current tax- the restored property has $0 basis and cannot be depreciated- when it is later sold, the entire sale price is taxableMechanics and reporting are tricky, and I would not recommend to DIY it, especially since my scenario is over-simplified, and your real scenario is likely to involve more gotchas.Thanks so much. 

What should I expect to spend?

Monitor your spending habits to make sure you’re consistently putting money aside for both the short-term and long-term costs of real estate. 

This is day to day spending, rent collection, tax/utility payments etc. (1) account for all security deposits, (1) account for parachute fund, capex items etc.