Just incredible bad business practices.

Some of the logistics are fuzzy as we would have to travel there regulary, get to have a great understanding of the cultural differences, build a 'team' of people as there are no Home Depots on every corner, but for about $50k US, you can own a pretty cool place in Italy.Best of luck to you!

How legit is their practice if you have an idea about it?

He wrote a great & practical book – with Parkinson’s, dammit.

That definitely brings a spotlight to that practice.

To live multiple states away and run a string of successful C-class long-distance BRRRRs anywhere in the Rust Belt is practically impossible.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Quote from @Frank Barletta: It is more cost-effective and practical to install a large-size TV and get the Nintendo, Super Nintendo, and Sega Mini consoles.It comes with games preloaded, legal, and each to swap in case something breaks. 

If so, can anyone recommend any best practices?

It is common practice for mortgage companies to later sell the already funded loan to a 3rd party like a hedge fund or a bank after the fact.