Think of potential pain points or ongoing vendor tasks that you can keep an eye on remotely with cameras in addition to security.

Plus look for a handy person to take care of any maintenance issues that crop up.You will need to look at each and every room with a critical eye of a guest and not the owner.

Then to learn that people were buying these homes and flipping them to others as this one sold for $69,000 in a few days YES, that was an eye opener.

You can then GC the project yourself and let them help be eyes and ears and offer you the speed to get the projects done on time.As for financing, I had great success using a commercial loan product with a small community bank.

I'm not a home inspector, but I point out many items to the buyer, so the buyer enters into the purchase agreement with eyes wide open before spending money on a home inspector.

Just make sure to check their credentials and experience, and find someone who can explain things in simple terms.Also, keep an eye out for any red flags, like promises of huge refunds without a thorough review or pressure to pay a percentage of your refund.

You have to have eyes on your project every day to stay up-to-date and worst case, weekly.

In my experience, cash flow is key, especially for long-term holds, so running a detailed DSCR (Debt Service Coverage Ratio) analysis might be a good step here.On the flip side, if you're eyeing faster returns, a flip might be more lucrative.

I'll keep an eye out

Think about it now with the new brokerage laws where buyers are expected to pay brokers fee's if they are not paying thousands to mortgage brokers it leaves them more money to pay their Agent who actually finds the house for them helps them with insprections etc etc.. buying that home in British Columbia really opened my eyes to how goofed up our owner occ lending process is .. and costly.