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.

That's a very different animal.

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

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.

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

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. 

This is where I'm at after a few months in this program (with unfortunately very demanding work hours and not enough time to devote to this business!)

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.