Hopefully, this is a useful example of what’s achievable with out-of-state investing, even with no local connections. 

Hre are the key things to knowWhat you are bidding on - often oddball properties that are hard to identify and have little value are auctioned offThe true as is value of the property, The tax assessment can be way higher or way lower than the true as is valueThe local laws and how they affet your total costs and returns

Experts in that area will know, but the internet is a huge tool.

Understand the local permitting requirements, keep eyes on your property to avoid squatters, and make sure you have a great vacant insurance policy while you're renovating.

Also there is a new thing called "novation" and I am not an expert on this and can't comment on it.

Everyone follows these so-called "experts."

Quote from @Account Closed: For someone rebuilding their real estate business and looking to transition into larger multifamily deals, what’s the most effective way to position yourself as a valuable partner in syndications—especially when capital is limited but market knowledge, deal-finding ability, and local expertise are strengths?

Also talking to area experts helps. 

I'm not a tax expert, but I work with them.

For your out-of-state BRRRR plan, building a strong local team in St.