The only other county in Utah that's demand profile is similar is Summit county (bc of Park City.

Especially in a big money/high demand area like you're in.

Hi Christine, for a successful out-of-state investment, carefully research and select safe, high-demand neighborhoods in Memphis or Columbus, consider the potential benefits of duplexes for better cash flow, and engage a reliable property management company to handle local operations efficiently.

Study the neighborhood in terms of market dynamics to know if a lot can meet market demands or if it is worth investing in before deciding on its purchase Consult some experts who have found ways of developing vacant areas so that you may decide intelligently on what you want to do with your own piece of land.Good luck!

In cities with declining or static populations, property prices are low because there is little demand so little appreciation.

So if I were in your shoes I would want to be really confident in the exit strategy. 1) confirm rent estimates 2) confirm ARV and the demand in that area to buy a house like that in the price range 3) are there banks willing to refinance at the LTV you want with the seasoning period you have. 40k for a house of that size that needs that work would be the cost of materials alone where we live in WI, so verify your estimates.

Then file suit to foreclose, if no one redeems or demands a sale you will quiet title and get the deed.  

For us it varies by market but in our primary market 15% plus a small monthly fee to help cover software costs etc if it's a lower gross property.That's full service, host doesn't have to worry about anything and can forget the property even exists if they want to.We do have tiered services where it's 10% (w/ no or lower monthly fee) if the owner wants us to only do one side of it (either manage bookings but not guests/cleanings/maintenance, or vice versa).25-30% used to be more normal but that's legacy pricing now, for a couple of reasons.1) Of course margins are much thinner for owners now that revenue has generally come down across the board from the peak, while home prices and interest rates have risen alongside that.2) Probably even more important, a simple supply/demand equation, particular to the case of increased supply. 

Here’s why I think investing closer to home makes sense and how you can maximize your returns:Familiarity: You already know the local market, which gives you an edge in identifying good deals and understanding the demand.

Now, if someone has redemption rights they can demand a public auction at conclusion of the lien foreclosure lawsuit.