Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

Now most of my deals are a combination of our business money, bank money, hard money, and private money.  

Renovations that truly add value-like modern kitchens, open floor plans, and energy-efficient upgrades are making the difference in selling faster and at top dollar.Financing & Interest Rates: The higher cost of borrowing has made tight budgeting more important than ever.

The key is finding the right area/market and having a solid rehab plan that doesn't go too far over budget.

We use Hiscox for our insurance with our business, not sure if it works for property but its worth a try. 

Lenders typically allow borrowing up to 80% of the home's value, which could more than cover your renovation costs.Fix-and-Flip Loan (Hard Money Loan) – If you’re planning to sell quickly, a hard money loan could be a good fit.

If your planning on listening to keyboard warriors on here to explain the process, you're gonna get a lot of bad info...some good, but some bad.

Many OOS investors pick one market to master before expanding.Spending the next few months learning and analyzing deals is a great plan!

Make sure you connect with the NHREIA, great group, they have monthly meetings in Manchester and a busy FB group with 3500+ members.

@Michael James Hamlin I'm a former tax accountant/business consultant turned fix n flipper and investor friendly agent.