If they can help with boots-on-the-ground oversight or even just vetting contractors, that’ll make a world of difference.Best of luck with your BRRRR projects—keep us posted on your progress! 

Most people really don't understand this fact (myself include prior to moving here) and it can trip you up if you don't have reliable "boots on the ground" or a thorough understanding of neighborhoods and blocks.

It is a older non rehab property but things are straight and roof, plumbing, electrical are all in good working order.

Your wanting to do high-risk via extreme leverage....via high risk OOS investing, committed to never being boots-on....... via high risk class c....... doing reno's to make habitable which is high risk at a level we should just call it EPIC risk..... 

If you find a solid, boots on the ground realtor/PM who has experience in the flip business you should be fine. 

But the other side of the coin is correct - the downside, and it can be huge, is potential assessments from HOAs who aren't solvent enough for new roofs or roads or maintenance.

Estimated cost for remaining changes (all new electric, drywall, tile, fixtures, cabinets, roof, doors, windows, heat pump, some siding, and fencing.

Just make sure you keep enough in an emergency fund in case a roof or furnace goes out. 

My heart rate goes through the roof as I have about $90k in equity in that house. 

This isn't a lending requirement but have some boots on the ground other than just the construction company.