I had constant issues with the local government and the taxes were absurd.

@Jonathan Small government actions have led to an unprecedented 40% increase in the money supply, 50-year record inflation, record increase in interest rates, bank failures, credit tightening, CRE recession, housing affordability issues, mobility issues, inventory issues, and massive impacts to the world economies, every investment class, and our families, kids, and friends like never before. 

A grand negative cash flow is not the issue.

This is not just a racial issue. 

Hi @Mindy JensenI had the same issue as  @Deborah Burian.

For big BRRRR projects, hiring a project manager or having boots on the ground can be worth the investment to keep GCs on track and catch issues early.I’ve had OOS clients who’ve been successful both ways—some met their GCs in person and others didn’t.

I want to ensure that the structure of these investments I am working on correctly address key issues for investors. 

A professional manager can find qualified tenants who respect your home and handle day-to-day issues.

Based on your numbers, and assuming you have a credit score high enough and have never filed for BK, you shouldn't have an issue getting approved for an HML to buy/rehab the property that I would estimate at about $370k-$375k (which includes 100% of the rehab costs).

Any legal issues I should be aware of in this situation?