Here's some other copy & paste advice you might find useful:---------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

For a flip, you'll want to get a builder's risk policy, which covers the property during renovations, including any damage from fire, vandalism, or weather while it's vacant.

Unless it's obvious tenant damage you must fix things in the home. 

The downside is if it gets damaged you have to replace the whole sheet.

. $20K in reserves isn't a lot if something goes horribly wrong and there are damages if you default and he takes the property back.

Here's how we screen:A bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.

If you are trying to piece everything together yourself remotely I think the time and brain damage and extra cost in time and cash you would be better to go yourself and do it. 

But I draw the line when there is risk of damage to the property, annoyance to the neighbors, health concerns, pests, etc.

I'd check for that before installing LVP and replace the subfloor where needed and treat any termite damage. 

Really low prices bring dregs and all the work you did could get damaged.