Even trusting a brand new GC who's licensed/"qualified" is a risk from out of state, let alone out of country.

I've had qualified renters move into a rental, add their bum friends or family members, and then disappear, leaving me with bad renters who weren't approved and aren't on the lease.The best practice is to screen every adult, approve them, and add them to the lease. 

If your AGI exceeds $150K, passive loss limitations apply unless you qualify for Real Estate Professional Status (REPS).This post does not create a CPA-Client relationship.

So if I understand this correctly, by qualifying to extend the 5 year rule to 10 yrs, $250k if single or $500k if married of proceeds from this sale would be exempt from capital gains? 

My best advice is to align with an active sponsor in a role that embraces your skill set. 

At the price point you qualify for, I'd be looking at a more landlord friendly state with more approachable price points.

Absent the DTI "immediate credit" he may not qualify for a new loan for the size of home he seeks inside of the 9-12 months after he sells.

@Brad Kanouse Using Traditional IRA funds for an investment property typically incurs income tax and a 10% penalty if you’re under 59½, as investment properties don’t qualify for tax exemptions.

I find it disturbing how many "business models" are all about suckering people into buying and even use skillful wording to deceive people into signing up.

I think new investors heavily overlook the skill component needed to successfully pull off a renovation to then rent out properly.