Give me a chance to give you a quote and I'll show you how much you can save.

Chances are you have someone with honor transparency and integrity on your hands and that is very rare.If the answer is no... well, if he lied to the homeowner, why would you think he would not lie to you?

If get somebody inexperienced at a discount, you are taking a chance. 

If the developer that you're partnering with has experience doing similar deals, then there's a good chance that they have construction expertise and easy access to deals. 

Chances are, they will avoid you because they are not planning to report this income.

Chances are the prices of houses will keep going up, but the interest rate will fluctuate a lot during these 20 years.

I would appreciate any advice on what I should look out for or a chance for a mentor to talk through opportunities with.

We don't do closets for better air flow and less chance of mold.  

Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.

If you’re repeatedly using OPM successfully, the processes to follow obligate stricter adherence to the system and so chances are you are a good bit more careful.