Thanks for the boost of confidence.

I will refinance in 6 months and cash him out.Once renovated, the property can be valued at 170k-180k ( He mentioned 200k, but I'm not confident in that ).

I pushed back sighting the BP rent estimator and rentometer having high confidence of a median range of $1300-$1700.

He was pretty confident he can until I reminded him about my cameras.

Knowing what they pay to others was huge for us in feeling confident throwing out a higher number than we would on Furnished Finder or Airbnb.

This way, when the time comes for the buyers to put their first dollars on the line, they can be confident that the project is fully sold and therefore fully funded and won’t go bust during construction.

Real estate was scary at the time, the news were bad, prices were dropping and nobody knew if that would ever get better.I had a well paying corporate job at the time (which also meant international travel 2 weeks every m month), so I did not have much time and it also it took me a year to find the confidence and the money for another one.

Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically.There are some great opportunities in the Ohio markets.

Make sure you build a solid core-4 team so you can be confident throughout the whole process. 

Having said that I have been investing and rehabbing properties for over 25 years so I feel pretty confident on what needs to be done and I know how it should be done.