Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

You did things outside of the normal without proper knowledge.

Well, come tax time, I had to unravel 3 LLCs with quite a bit of expense and am paying double tax because of their lack of care and knowledge.

If you live there you probably have a good handle on the subtle market dynamics.One significant risk of buying any property out of state is that you have a lot less knowledge and first hand experience with all the nuances of that specific market.

It's always a personal choice everyone has a different perspective.   

For this reason, I find it surprising that you would question my knowledge of the region without knowing me.

I already have the knowledge, experience, and systems in place to do about 20 properties this year.

The type of due diligence all investors would like to do if they had the knowledge, the time and other resources.

It’s crucial to have local market knowledge or work with someone who does.

Looking for some advise if it is right choice to additional capital to this investmentHere is how I look at a capital call.