Seek out distressed houses that are better off with minor cosmetic updates than major structural repairs.Form a Team: Assemble a group of experts to assist you in navigating the house flipping process, such as bankers, contractors, real estate brokers, and inspectors.

Spent $10k for cosmetic renovations (paint, kitchen, plumbing, minor repairs, etc.)

Includes new flooring, paint, kitchen, HVAC, siding and cosmetic updates.

Start with cosmetic jobs first and then move on. 

The issue here is in order to increase rents at reasonable rates to cashflow well you need to not just do cosmetic changes they require you to do extensive plumbing and electrical to be able to increase the rents. 

We've also discussed the fact that these are all optional, cosmetic things that if don't fit in the budget, simply won't be done or will be done at a later date on my own when I get around to it.

I am also out of state and he is local.We likely will be buying off the MLS and trying to identify something below market value and negotiate a deal.He will manage any cosmetic rehabs, furnishing and then ongoing management of the listing. 

If you are fairly new to rehabbing properties and have limited construction knowledge you may want to focus on cosmetically distressed properties at first.

➡️ In your opinion, what cosmetic improvements, deferred maintenance, or added amenities does the property need?

Bought a duplex, completed a 9 month BRRR, and finished a cosmetic remodel on another single family.