Also, people change pricing frequently - and you will need to constantly update raw numbers. 

Be sure that the plumbing and electrical are all good before replacing walls or ceilings or you could have serious trouble and expenses down the line.Regarding finances: I have used QuickBooks Desktop version (saves a lot of money but does not get the constant updates) for five years.

There was more upfront cost, but my property is kept in pristine condition and constantly has eyes on it.

I am constantly surprised that OOS investors pick markets that are more affordable than their local market and then decide to also go to the low end of that new market, driving up the risk even further. 

College students and their parents were constantly visiting the area.2) There are two major hospital systems within a 10-mile radius.

with an 1880s wood building (age of many 2 flat buildings) it’s not if you have rotted wood but where. for me it was a constant battle caulking/replacing windows spraying insulation to keep cold air out and conducting yearly termite inspections. you might still have some of these issues with brick buildings but you have more time (fix it this year as a opposed to right now) @Mark Ainley curious if you have any other anecdotal reasons why brick is better than wood- i know i’ve heard this come up on the podcast numerous times

The syndication required no work on his part, but the personal investments required constant supervision.

<--- this is pasted here in BP constantly and it's untrue. 

Residential agents and firms, in my experience, are shy /embarrassed/hesitant to submit low offers and I didn't want to have to constantly justify this to my broker in charge.

But he recognizes now in the darkness a faint illumination which glows constantly out of the gateway to the law.Now he no longer has much time to live.