As others said out of state can be more challenging based on location but local or out of state both can be done. 

Based on your experience, would you agree with that claim?

P.tax and insurance rates are REACTIVE, because they are based upon a % of the property value.

Quote from @Michael Overall:I understand the utilities will go to basis, on the interest is it able to be yearly deducted based off the conversation you referenced if using form 4952According to one of my colleagues on that thread - yes.According to court - no.

Property taxes will likely be reassessed based on the transfer value, so confirm local rules to anticipate potential increases.If you hold the property for at least one year, you can use the equity as collateral for a construction loan, aligning with your long-term financing plans.

@Susan Tan you may also have lending options in the Houston area that offer 100% LTC financing for rehab projects.

👋My name is Anthony, and I’m an investor based in East Hartford, Connecticut.

Do you offer such services?

If the property is worth $400,000, a note buyer will base their maximum ITV Investment To Value on that value. 

The cash flow that you need to achieve should be based off the rest of your portfolio and your financial situation as a whole.