, using zip codes will lead to disaster.What we've found though is, "block-by-block" is too granular for OOS investors and "scares" them away:(So, what we've done is ranked the City of Detroit's 173 neighborhoods as Class A, B, C or D for OOS investors.It's still not perfect, but it's way better than using zip codes and easier to evaluate than block-by-block!

Some believe in cash flow later down the road by buying class A/B in high appreciation areas.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

What you are describing is a simultaneous closing where party C (your cash investor buyer) funds your A to B transaction where A is the seller and B is you.

I would A) Consult AirDNA, and B) Consult an STR specific agent in the OBX that can assist you. 

@Mohammad Al-hadad investor expectations have been skewed by the last 5 years of low interest rates and artificially low prices.10+ years ago, most investors focused on Class B and C properties, not Class A.Reason: hard to get Class A properties to cashflow!

What the “wholesaler” decides to do vis a vie the seller is his/her/their business.  

---Our standard copy & paste about this is below, hope you find it useful:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

(b) That supports improvements that may be constructed above the lands.

Regarding remote managing, in our 24 years of experience, dealing with hundreds of investors, what we've had to bail DIY Remote Investors out of is mostly Class C properties with some Class B.So, in our opinion, one can remote manage a Class A property fairly easily if you are organized.Class B requires more organization and knowledge, to avoid tenants taking advantage of you.Class C should NOT be done DIY - hire a PMC!