For example, if she can't visit the property, is she good at record keeping (so everything is organized at tax time) or finding vendors, comparing product prices, finding free or low cost items on Facebook marketplace to improve the rental)3. emergency fund.

The expense tracker, reports and rental sheets (useful if you are planning to do the BRRRR method and need to calculate 2 different sets of loans).I used to have my own custom spreadsheets that I built but this one does everything mine did plus much more. 

Just don’t do it.You should have a buyer’s list built up, know what and where they want to buy PRIOR to putting anything under contract.

Permitted or not, you want 100% assurance the property is within building code standards for the year it was built, and for any upgrades/ changes - the years those upgrades were made; ie GFICs in wet areas currently, but not required in original construction back in 1950 when they didn't exist.sorry for not replying earlier, I'm rarely on this platformbest of luck on the project

Using the equity I built up in that property I got a HELOC and started investing remotely out of state.

Every property that is on this street has cans and will try to have these done the same way for these MH.Currently there is a 1998 and 2001 year built MH on the property.

With that being said, in a worst case scenario, you can always hire a property management company to handle the day to day items if it comes to that. 

While I would have built $150,000 in equity, the cash flow simply doesn’t work.Now, let’s compare this to the market conditions when BRRRR was highly promoted (pre-2020).Interest Rate: 4.75%Monthly Payment: $3,057/monthRent: $3,600/monthIn this scenario, I’d be making over $500/month with $23,000 left in the deal, resulting in a gross 26% cash-on-cash return—an excellent deal.As you can see, rates and prices play a critical role in the viability of the BRRRR strategy.

But IF it is, and if an investor built his holdings on government largesse, it may be time to reevaluate their portfolio.

In The Tampa Bay Area local investor in the items inside the home/business but looking to get with the right people to build a team.