Flying in monthly helps, but having a local contact (realtor, manager, or trusted partner) is key for regular updates.Use tools like progress photos, video calls, or project management apps to stay connected, and schedule visits at critical stages of the project.

If you don’t need cash flow in the near term, my suggestion is to use depreciation to defer taxable gains.

Ensure the property appraises at its updated post-renovation value to maximize the equity you can pull out.A refinance isn’t a taxable event, but transferring ownership to your LLC may affect depreciation or future capital gains.

During the renovation phase, adhere strictly to the scope of work and budget, conducting regular walkthroughs to monitor progress and ensure quality.As the project nears completion, prepare for sale by staging the property to highlight its best features and create buyer appeal.

It’s a good gesture assuming it is part of what gets regularly checked and restocked if needed. 

Regularly communicate with them to stay updated on progress and address any issues promptly.

I'm in a small town with nobody to really network with on a regular basis.

Just FYI :-)Yeah I know Simpson makes a structural screw for hangers now, with a hex head, but I’ve been seeing a lot of regular deck screws used lately and obviously if they’re not structural they don’t have the shear strength needed to support a deck.

Network with investors, analyze properties regularly and build a strong team early.Good luck!

For instance, how did the due diligence "come back as clean" and the "leases were solid" if the rent was not paid up to date and paid REGULARLY?