Investing out of state is a WHOLE other animal, and you want to be confident in your skills before you tackle that project. 

@Adam Bush$10k doesn't really sound like enough to tackle that deal on its own.

"Luck is when preparation meets opportunity" - I have read 60+ books and listened to almost every episode of the BP podcast over the past couple years; I felt knowledgable and prepared enough to negotiate and tackle this project. 2.

I dont think my grandparents are willing to tackle a project that large but maybe in the future. thanks

There were a few items that needed to be address on the exterior of the property and we tackled those issues immediately.

You'll have tackled rehab work, financing, as well as value add.

So how do people tackle this situation, keep water bill on their names and how would they charge the tenant?

So now..What ever way you will tackle this....the most important thing you have to do is get a website and make it credibleFamiliar with:I can give you a fish, or I can teach you how to fish?

I'm ready to pounce when I see a property of this type come on the market, and will tackle management, remodeling, or moderate CapEx needs that are related to the properties being listed at these price points.

Cool to see 22 yrs old tackling this.