Great, would it be possible to alter the location of meetup once within downtown and one outside of downtown, as current location to people outside downtown is hard to reach. 

There are a few properties that the numbers work for a flip but not necessarily a BRRRR which is what we were trying to do, but I am not opposed to altering strategies until the renters market comes back around.

We purchase our paint in 5-gallon containers (usually translates into 1 "free" gallon in every 5) and, since the colours do not change - repaints between tenants usually only require a single coat.

Which translates into a high demand for rentals.

On the other side of the coin, we have to charge more because we need to recoup our expenses, for us, the things I mentioned translates to 20k/year.

Meaning, your underwriting and purchase strategy and decisions would be best altered to try and fit the current market environment.

And time is a lot of money.Unlike local contractors who have dozens of projects at the same time and are not in a hurry, out of state builders are fully commited to the job and will eventually complete it in a shorter time, which may translate in greater profit for the investors.Another advantage i can see is that it widens your options when the workers you need are in limited supplies in your area.

Using it as your alter-ego (such as transferring Title back into your name to get cheaper, residential financing in my opinion) pierces your corporate veil.In the end, you need to talk to eithe me one really good qualified professional or a few.

So now lets move to scenario where your mortgage is $2,500 ; you rent two rooms for $1100 each, that translates to $300 mortgage in your end, but still -$800 gap from your number. 

A $100 increase in rent could translate into $30,000 of increased value.