Additionally I would suggest having the long term financing relationship built so that they can easily transition the deal after renovation. 

Quote from @Celine Besson: Hi everyone,We recently moved from Memphis, TN, to Montreal, Quebec.Before leaving, we planned to invest in a small house, renovate it, and rent it out (Ultimate goal would be to BRRRR).

The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Classand Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?

The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Classand Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?

How do you plan on doing the renovation work?

Lenders, Investors, Hard Money, Partners will focus on experience and risk, so bringing value by finding great deals or managing renovations, can help you break in.Keep refining your approach and connecting with the right people!

Buy a fixer-upper to renovate and flip for a profit?

Some of my network is renovators and real estate agents.

Thirty years ago I started purchasing and living in properties in upcoming inner city neighborhoods that required renovation.

Successfully acquiring, renovating, and selling multiple distressed properties can significantly boost your returns, but it also comes with its own set of challenges.