You need grit to be a successful out-of-state real estate investor.If you still want to continue, you should start by interviewing Realtors.

Continue this until they are either evicted or their lease ends and they leave.My eviction process only stops when they pay everything they owe, which includes late fees and any fees associated with the eviction action (service of Notice, court filing, summons fees, etc.).  

It won't continue to "off gas" once it is 100% cured.

The more I learned about personal finance and investing the more I knew how important this account was and continued to focus on growing my contributions.

And, if that is the goal, then you will continue to the same general finishes and paint colors in most flips.

If you think the property is going to continue to appreciate and you can manage the rental, and it at least breaks even, and you don't have need for the funds, you can consider holding.Those are a lot of factors to consider.

Our NYC rent is cheap ($500/ea), so we are happy to continue renting for now.Let's say we have $60,000 in our life savings, and let's say we'd be willing to spend $30,000 of it on a real estate investment.

Continuing with torch down or variants that are supposed to extend life further are fine.

Fortunately, we came out whole and continue attending the local REI clubs as great fans.

I was given choice of continuing with purchase with discount of 25% of the cost of non disclosure ($11k) or I could walk and seller would pay my damages (less than 2 thousand).