Did not get to see the inside, but outside was grass overgrown, there was a wooden construction as part of the backyard fence (can be seen since it is an end of the street home), and looking inside the window looked empty inside.

It’s a little nerve racking thinking of investing money far from home with little experience but I know people do it.

I would lose the $1000/mo in cash flow, but not have any additional liabilities.I am really racking my brain here, and am ready to hear from all of you who have been there before contemplating, your "1st big deal."

I'm not a contractor but I've read that foundation repairs can be a huge expense, and tearing out drywall to fix water-logged wooden studs could be as well.Out of curiosity, where do your monthly income and ARV estimates come from?

As the building ages, that number needs to get bigger and bigger because the expenses rack up...

Oven/Stove: Clean racks and inside of oven (including drip pans) to completely remove all stains.

An older home that was rehabbed very cheaply and having issues with bad planning of electric outlets and not finding studs behind walls that typically have wooden studs.

Turns out the structure is a 60 X 40 building. ½ of the building has 2 huge garage doors and this is where he parked his RV’s and had a workshop. the other side of the structure has (according to him 2 bedrooms and a wooden deck on the side (so you can come outside on the deck and enjoy the view I guess) He says he rented out one of the rooms back in the days and a water heated broke and messed up the downstairs bedroom and he never fixed it up.

I know in York you can put it in the tenants name but they can put a lien if unpaid and rack up a lot of late fees. 

The funding part is probably the most confusing and nerve-racking part for me (and probably for most beginners).