I also have personal interest in visiting the area more often, so travel to inspect and manage the property suits me.I anticipate this property will have a stronger resale value at some future time and that extracting cash from the rehab before sale makes sense.

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

In other words, for the past 16 months I have been *almost* breaking even while trying to extract myself from this investment.I highly recommend that you check out Peter Renton's website before you jump whole hog into Lending Club.He is no slouch, and is making low single digits on Lending Club. 

Instead the landlord pays the money upfront and gets reimbursed through many years of time.This is why for my clients I try to extract out credits from the seller prior to closing.

Is it going to make a meaningful impact on supply in the housing market? 

West Virginia would be even better if we would just declare ourselves a sanctuary state for energy (coal, oil, natural gas) as opposed to letting liberals from CA and NY make laws which deliberately attack our extraction industries. 

We need to know it's ARV to really offer any meaningful advice.The property appears to have a newer HvAC and water heater, which is good.Flags for me are the electrical box in the living room and the lack of primary heat.

Your goal is to extract the most money as possible per month from as many people you can.

I would ask the PM to provide notes on any variances past a threshold that is meaningful to you.

Owners who begin exit planning a few years before a sale can begin to extract themselves by putting more responsibility on key employees, which eases the transition between owners.