A "good deal" is in the eye of the beholder. 

And then you have started. 

I will add that you definitely do not need to be near your investments, but it makes things a lot easier when you first start off. 

The answer to that question will probably be eye-opening for you!

Make the start date of the lease contingent and effective upon closing. 

,Thanks for sharing the article and starting this discussion!

Looking for feedback from folks who have been in similar situations and have lessons learned or advice, as I am just getting started and this is literally my first post.Wife and I moved out of our first townhouse and rented it out to grow our family 3 years ago.

As a beginner investor based in the Seattle metro area, I'm eager to learn from your experiences and share my journey as I get started in this field.My current strategy is to focus on live-and-flip for the first three deals (looking for my second deal) to gain hands-on experience while building equity and learning the ins and outs of renovation and the local market. 

Happy you joined the party.. how soon do you plan to start crunching numbers on a potential deal?

STOP waiting, start DOING!.