The only rule that has changed in the last 18 months is the seasoning requirement, which is a lending name for waiting period, to be able to use an improved value to pull cash out has gone from 6 to 12 months.

Or for the more seasoned investors, how do you go about evaluating neighborhoods while out of state?

About meI am a seasoned acquisitions manager for a wholesale/rehab company in Virginia with over 60 successful contracts just this year with an average profit of over $44k.

No seasoning.

Michael, I've been reading about hot tubs and "hot" is in the name, but they can be cold water tubs too, so the temperature can be set as the season varies.  

I see this thread is somewhat older with a recent response.

Rental income also sometimes has seasoning requirements before a lender wants to count it towards covering the debt you incurred.You don't mention how much income you will need to be financially independent.  

I'd personally talk to some contractors, and local real estate agents, and do some more connecting on here to get some more opinions from more seasoned veterans. 

I'm super excited to step into this season of life and look forward to learning a lot and growing. 

Older homes are harder projects. 4) Make up your lack of experience with other strong compensating factors like good credit, liquidity, and a solid game plan.