Under $200k, pressing for sub $165k, with rents of $1,500mnth+There is a few different strategies were engaged in under this umbrella.

Valdosta GA Market Update: Dec 2024It’s been a while since I have been active on BP, but I am back!

(**Do Not Accept part of the rent other wise you have to go back to start all over)Ten Day Notice of Eviction The Ten Day Notice is used if the landlord needs to evict the tenant for violating the terms of the lease, such as unauthorized pets, illegal activity, etc.

What I can share is that the risk-reward will not be worth it as a 'newbie' due to your limited capital and inability to actively manage your properties. 

Although I haven’t received an acceptance yet, I’ve been actively sending out LOIs to property owners.I’m aiming high with my first acquisition because I’ve heard many investors wish they had gone larger at the start.

Buying an out of state rental property from a realtor, wholesaler or off facebook or zillow etc as opposed to from an operation or turnkey provider who has an active, substancial, and effective boots on the ground team or teams to support you after you close on the sale. 

Any suggestions I should consider before engaging them?

Then you have to stay in touch and keep them engaged.

My role will be running day to day operations/ property management/ taking calls and running all activities after the rehab.Our initial thoughts are 1/3 equity.Quick Rental details: we purchased the home for 30k.

Update: I received an e-mail today from Delta updating me on the status - the Lot has been scrapped and several other activities have been completed, so it looks like the project is continuing.