@Jay Hinrichs“And managing your own owner occ la bode is far eaiser :)”I don’t know Jay, apparently you never met either of my ex wives!

Also, you'll eventually have cap ex (big items) to pay for and those costs are only going in one direction, up. 

Hi Piper,Flips are much more active strategies than rentals, so it is a better strategy to stay in state unless there's a very specific reason (ex. too high price).

Since you alluded to the fact the property is a lower priced property, its even more important to complete an inspection moving forward with similar purchases because its more difficult to absorb this cap ex repair.

The above experts are more versed in taxes than I am as an ex auditor.  

Going directly to the listing agent as the buyer is a terrible idea as well, it's like using your ex's divorce attorney instead of getting your own.

300k - 5% down at 7% yields about 2800 mortgage, PMI, insfor easy number after reserves for cap-ex, repairs, vacancy, water/sewage - $3800I do not plan to live in the property.

I accepted the application only to find out that her ex husband and 14yo daughter (divorced in 2011) lives in the unit on the opposite side of the building from where she is moving in.

When I hear of historical significance, I think of an old building with significant cap ex, and functional obsolescence.

I’m an ex surveyor and draftsman looking to learn this field.