Then research local regulations and tourism and data. 

I paid $600k and got a local bank to loan 75% for 5-years at 3.85%. 

Alternatively, your GC can keep you posted on progress, but having a local project manager or even a trusted friend to occasionally drop by can provide extra peace of mind.Hope this helps, and good luck with your rehab project!

So get the lay of the land but always rely on a local market expert to help guide you.First let’s get a basic handle on the Kansas City metropolitan area.

In case you haven’t read the previous responses or haven’t walked a mile in a landlord’s shoes. 90%+ of your problems are caused by your local/state government that you seem to be giving a free pass.

Look into areas with lower price points and solid rental demand this can allow you to start investing without the pressure of high local prices.Your brother’s contribution gives you financial flexibility, so use this time to find a property that fits your needs without rushing.

Drawing from your industry expertise, what would you consider the average success rate for Fix-and-Flip investments, and which localities offer the most potential?

He and I are members of the local REI (ORREIA: Oregon Real Estate Investors Association). 

If you're local to central Alabama I'd love to hear from you! 

I have looked around online, but haven't had any luck yet, i have local real estate agent there, but they are not expertised on those distressed properties.