Be pro active.

I would say it's more of a scam to offer a seller <70% on a property that needs $5k in material repairs  and flip it for 125% without stepping foot in the property.

My total expense ratio on each property I own ranges anywhere from 40%-50% annually, but I also self-manage and am not a slumlord (I am pro-active with maintenance, not reactive).

Response for Vanessa Switzler: Hi Vanessa, Congrats on expanding into Little Rock—adding a new MSA is an exciting step!

Being out of the country adds some extra steps.

Now, if the deal is so sweet that someone may want to step into your shoes prior to closing for a large fee, make the contract including the seller financing terms freely assignable and ironclad.Good luck.

Proactive, I do not have to ask them for information, they run annual rent analyses to increase rent appropriately, and they get after repairs.

But need a new realtor or at a minimum to have their broker step in for them in this case. 

Do your homework, think like an investor, and take the first step!

My suggestions would be in this order:(a) Determine the type of financing you qualify for - this will short cut the process considerably and save time on investment angles and next steps.