Have you thought about getting a hard money loan which can fund your whole deal to include the rehab?

I'd love to hear about your experiences—what works, what doesn't, and any tips for making remote property management easier.Most of my clients, including myself when I was an OOS investor, employ a local property manager who already has relationships with vendors / contractors to help you.

That rent does include utilities, so the more utilities included in the rent the more Section 8 will pay for rent, but not more than the Median Rent. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I've done a lot of residential real estate deals including dozens of passive investments and have syndicated four apartment complexes.REITS - These are more akin to stocks than real estate investing and do not come with the tax benefits.  

The home buying process typically follows these key steps:Assess Your Finances: Review your credit score, savings, and determine how much you can afford for a down payment and monthly mortgage payments.Get Pre-Approved for a Loan: Work with a lender to get pre-approved, which gives you a clear budget and shows sellers you’re a serious buyer.Find a Real Estate Agent: Partner with an experienced agent who knows the local market and can guide you through the process.Search for Homes: Browse listings and visit properties that fit your criteria (location, size, price, etc.).Make an Offer: When you find a home you like, submit an offer through your agent, including contingencies (financing, inspections, etc.).Home Inspection & Appraisal: Once the offer is accepted, hire an inspector to ensure the home’s condition and the lender will order an appraisal to verify the property’s value.Secure Financing: Finalize your mortgage by submitting required documents and ensuring the lender clears you for closing.Closing: Sign the final paperwork, pay closing costs, and receive the keys to your new home!

Some places I am looking at include Flagstaff, Pigeon Forge, and Las Vegas.I am hoping to use this site to build connections in those areas to get "boots on the ground" information and support to find the best location.Thank you all for replying to my post.

Army Veteran and A&P Certified Heli/PlaneTech.Hobbies Include: Light Sport Aircraft, JDM Cars, Exotic Cars, Snow Boarding, Welding, Mountain Biking, Dirt Bikes, Jet Skis, Drag Racing, AutoX, Kayak, Loons Soccer, etc.....you get the idea.

The fact that the same section does not prohibit the collection of STATUTORY attorney’s fees under 799 or 814 is meaningless in this circumstance because you included the illegal clause directly in the lease.

Learn with me, help me, will try and update this post as I go, hopefully to not the end that so many do (including myself) of falling off never actually building or buying.