For me personally I am not handy when it comes to repairs and such.

I talked to numerous California investors in real life and phone/Zoom calls who have lost money in far away OOS markets, mostly Midwest markets (e.g. repairs, capital expenses, bad tenants, properties vandalized while under renovation, evicted tenant stole all the appliances, property managers with high fees or overcharging for repairs).

Always fix all water issues first before moving on to doing major repairs of a structural  nature.  

I am working with a nonprofit organization that will be using this home for a program that is geared strictly to homeless veterans to find them suitable housing and assistance with finding jobs.

If you want more assistance than this general answer, you'll need to post more specific facts about your situation.

I’m excited to connect with others here, share insights, and offer assistance wherever I can.

The good places to start investing at the moment are places within a 10 min drive from main urban centers, and which have different types of residents (not just tourism, not just workers, etc).Feel free to reach out in case we may be of assistance.

If you ever need assistance or guidance with financing options for your project, feel free to reach out.

Initially after management fees, repairs and PMI i was losing about $250 per month.

@Shannon Wright can assist ~ the property may have to go through probate...