Hi Mark, What did you end up doing?

I've signed up to my local GaREIA 2 weeks ago and already started networking there. 

it was renovated from the studs up in 2019!

It also helps to show them the amount of interest they can get when they add up 30 years of payments (compared to the sales price). 

Just personally, I would never do an absentee landlord kinda thing....Too many moving parts, too much to go wrong and cuts into your profit big-time....Sentimental value is one thing, but not if you end up hating the house down the road.....Stay local, plenty of opportunities in good ole AZ.....

Example, buying a vacant lot from a neighbor and simply explaining that someone else will be on the contract in a few days is not easy.

@Aristotle KumpisWe do 10+ Flips/BRRRRs annually and fund with Hard Money and Private Money.Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.Of course, with private lenders, you must give up equity or a return on the debt.

Quote from @Beth Johnson: @Marina Wong No. we just charge the servicing set-up fee at close.

But, yes, it sounds like simply looking at your numbers and determining whether or not you can absorb a salary is the time to consider it. 

If I had to leave a takeaway from this post before getting too far in it would be that whatever goals are had you have, we have these goals for a reason and typically it does not go exactly as planned but even if it doesn't go as planned, we can pick up where we left off and give it a fresh start.