We probably achieved over 15x our initial investment- first time I am mentioning this on BP, but I am not the only BP member that has invested in this.  

Hello BiggerPockets community,I am a new Real Estate Investor and would love to get some feedback on our strategy.Goal: Achieve sustainable income of net $10K/month, while the properties appreciate long term.

Do you have a family member or friend who's achieved what you want to achieve?

Hearing all these "rookies" who are people just like me, talk about how they started and the risks and hard work they took and put in to achieve success is nothing short of inspiring.

I was told by the Trustee, I could finance the condo instead of buying it with all cash.However, since this is auction property and doesn't allow someone to do inspection from inside most of the lender are suggesting that get a hard money loan instead of conventional investment loan.hard money loans are expensive (12% to 13% + origination fees).Does anyone has done this before with conventional investment loan where you don't do the inside appraisal.or any recommendations for lender who can help achieve this?

However, a good team can make OOS investing worthwhile, and it's been proven.There is only one question left, are you a hand's on investor willing to add sweat equity, or are you a hand's off investor who wants to leverage money to buy labor and skills to achieve your goal?

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

From research and talking to some individuals in the industry, modular homes are supposed to appreciate like a normal site built home, but does anyone have any firsthand experience with this as being true?

Brokers love to put those numbers out there, but they won't be achievable for you. 

It's hard work and takes knowledge vetting flippers and their contractors, understanding rehab costs and time lines, knowing ARVs, and keeping capital deployed full time from flip to flip (which is necessary or your annual returns decline to levels that could be achieved with a less risky strategy).