Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷‍♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?

They're offering about 75k worth of incentives, and I'm allowed to use that in a variety of ways.I'm lowering the price by 65k, and using the rest towards closing costs so I can have cash on hand for the next property. 

We discuss a variety of strategies.

So even things like closing costs, utilities, gas you put in you car, mulch you bought for the flower beds, ANYTHING you used to purchase a business asset. 

For a variety of reasons, it may be necessary for a property owner to no longer hold legal title to a property or have an entity he controls hold title.  

I definitely tend to skip any questions that are way too vague or of the TLDR variety. 

There is a theme of a lack of due diligence, reserve capital, budgeting in general, tenant screening, location, inspections, leverage, property managers and just a variety of general amateur mistakes/learnings...

While the obvious caveat to this is a slightly higher purchase price (if you choose to do so), there are a variety of benefits to this strategy as well, such as:- The idea of getting a Lump Sum Payday (from the bank) AND a steady stream of Passive Income from you as an investor for the downpayment is incentivizing to most. - If the seller is desperate to close (due to health issues, family problems, liens, etc.), they may agree to Seller Finance the small amount in order to ensure the deal makes it to the closing table. - You're minimizing how much is coming out of pocket when closing arrives. 

But there are a variety of ways this could be treated that would change that answer. 

I found my path in the real estate world and it's because of the wide variety of education I received from the subto training videos and community.