If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

There are no restrictions preventing out-of-state investors from purchasing rental properties in Texas—these investors enjoy the same opportunities as Texas residents.Additionally, the financing restrictions you mentioned don’t align with reality.

@Nick Henry this also comes down to how much time you have available and how much effort you are able to put into purchasing a home or building and doing renovations and then finding quality residents to live and take care of your asset.

Purchase price: $350,000 Cash invested: $10,000 House hacking my first home by converting the master bed into an independent studio that we rent on Airbnb What made you interested in investing in this type of deal?

Quote from @Laurens Van swol: We are exploring the possibility of purchasing an investment property in Florida.

Using quality yet affordable materials can transform a space without excessive costs.I could remember working on a property an investor purchased.

With less experienced or just poor planning operators, it isn't uncommon that they spend years distributing all the cash out to the owners, and then the time comes for a multi million dollar refresh to maintain the hotel brand, and no one wants to cough up the money back into the entity.

Purchase price 70k currently pulling 900 rent ARV 110 - 140k, rehab about 25k 

I’m looking for some advice on a fix/flip property that I purchased with two friends almost two years ago.

. $220,000 is definitely a lower purchase price amount and really limits you on what you can buy.