In my experience people ho have no skin in the game tend to care less about keeping the property up than those that have to work to have it.

Hi Kevin,I'm a big fan of buying with cash and my thought process is quite contrary to everyone else's.Cash is KingCashflow is QueenLeverage can be a peasant lolOne can retire investing in Toledo with $1m in cash.Off-course, this all depends on how many villages you need to feed 🤓I have too many "villagers" on my back so it's a bit of a different story for me.Sub $100,000 markets like Toledo require volume to work and to be worth the risk if you are looking to buy and hold.Not much growth potential long term so I would consider it a strict cashflow play.Start slow and small and you can always scale up once you learn the market.Or call it quits and exit if you decide it's not for you.IMO, leverage should only be used to scale a portfolio and only after you have immersed yourself enough in a specific market.And only once you have decided that you want to stick around in that specific market and invest in it long term.Over the years, I've witnessed many folks use leverage and attempt BRRRR out of state only to fall short and say "the market sucks and it doesn't work".Nothing works unless you make it work and a market like Toledo can work better than any other market I know from a cashflow perspective.I've been investing since 2014 and flipped hundreds along with currently managing 400 SFH.Only this year have I started buying small multifamily properties.It's an adjustment and a different animal but let's just say it's in the same breed of animal lolImmerse yourself in a specific market and become an "expert" on the numbers in that market.Find off market deals, negotiate hard, buy with cash and buy quickly.You make money when you buy and not when you sell so you must buy cheap.There are many ways to skin a cat mate and this is how I get my fur lolWishing you much success

I'm not a tax specialist, but I believe there would be a way to rent out your entire place while your're away on contracts.

I want to make sure this buyer puts down some earnest money to have some skin in the game an not back out and leave the deal in jeopardy.  

In 8 weeks you're going to become a Land Acquisition Specialist (if you put it into work) easily and learn how to put land deals together. 

In order to make educated judgments, market demand must be researched, high-impact upgrades prioritized, and specialists consulted.

It's so reliable it's boring, and as an investor and specialist in REI boring is heaven.

Assuming the house is in great condition and previously well maintained throughout, then as needed work will probably be okay assuming you have the experience to discern what needs basic handy work and what needs a specialist.

My tax specialist is telling me I owe about $16k in capital gains tax because I had converted the house for commercial use.

Note you have to have a specialist license with testing and experience to get the plumbing and electrical license so you will have to sub that out more than likely.