There is also one decision-maker: the fund manager.The downside is the fund manager has to get paid, so that’s a point of friction on your return.  

I find high value markets provide the biggest return on rehab investment. 

The biggest thing that stuck out to me was that they get deals by making relationships, getting to know owners, networking, finding out the stories behind everything, etc.

Consider your upside versus your downside risks. 

The biggest thing you need to know is if you offered $250,000 and the appraisal comes in at $240,000, you or the seller or both of you will have to come up with the $10K gap. this can be scary but making sure your realtor runs proper comps in the beginning can help save you from this!

@Luke J Nelsen - Personally, we do them in Anchorage and Wasilla - the two biggest population centers.

The friction points are going to be a never ending lead violation every time you go through the process. wood windows and wood siding are where investors are going to see the biggest costs. 

Time is your biggest enemy.

Thanks,Ratna what everyone mistake is some people is stuck in h1b for decades and they are too afraid to buy primary home, or to buy rental in US or even to apply mortgage which at the end, makes them losing the biggest opportunity to make money in real estate.In reality it doesn't really matter as income from cash flow is a passive investment, you could do even flipping business while on h1 as the profit is from buy and sell activity. 

Not everything has been perfect, as we are always growing, but we created good systems to find and keep good tenants.The biggest hurdles are: -Are you located in an area that people will rent by room?