Hard to say if it’s a good deal without the most important piece of data, what is the fair market value? 

Do you understand the added complexity, work involved, and costs? 

I almost exclusively sell bank foreclosures for a large asset management company, and I also do a lot of marketing for wholesale deals.

Not to say you cannot find a deal in many of those states but for a first time investor wanting to be cost efficient it makes little sense to stick to those states.You do have states like Indiana, Ohio, Tenn, Florida, Georgia, Texas that offer higher inventory of home prices even 2-4 unit multifamily that are under $200K.

We are open to a Subto deal but I'm unsure of the best way to get the property in front of investors. 

Avoid deals in poor locations with high vacancy rates, overpriced properties, significant deferred maintenance, and unclear financials.

@Joy Daniels I have one of my STRs in that market on Anna Maria and each “city” on that 7 mile island has different STR rules.

"Question: have you ever filled out a spreadsheet of cost and lifespan of each product of a property?

@Travis Gutting hi Travis, most of my deals have come from the MLS and being able to act super quickly when a good one gets listed.

Thus evenif they say they will pay you X, Y, Z each year.