When they have a sale they can't handle, they refer that seller to you for a fee.

As somebody new to REI, what is the best way to handle rent lost when buying a fixer upper during the work?  

At closing, the accumulated credit is applied to reduce the purchase price, eliminating the liability.

@Andy LanyiGood comments on how to reduce tax bill. 

This is primarily handled through the security deposit.

As far as property management goes, I figured it might be best (in my particular situation) to start with a property manager since I will be travelling for work for most of next year and it would be better to have someone local to handle things for me?  

We have recently partnered with Outsite.co, one of the largest coworking/coliving communities in the world to handle booking and management.The property itself has appreciated and we are watching the market to determine the best time to hold a capital event.

You'll learn more about the sponsor by learning how they handle an adverse market, and how they survive it, than by comparing projected vs actual without context.

Vehicle expenses are one of the major costs to consider, so living nearby helps reduce those expenses and saves you time.

Sellers or JV partners may value a hands-off partner who can handle rehabs.Start with a Strategy: Whether it's BRRRR (Buy, Rehab, Rent, Refinance, Repeat) or simply flipping properties to build capital, define a clear path for your first few deals that aligns with your long-term development goals.