Quote from @Tio Sam: Quote from @Zachary Deal: I agree, I would drive some properties that have sold as flip.

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

As an example, my neighbor added a second story to her home and the contractor gave her an estimate that she agreed to. 

After a year or two we intend to buy a larger property in the same area and partner with some friends on it but I do believe a boots on the ground person employed only by you is KEY to executing anything if you are not in the country yourself.

Scope of WorkThe Subcontractor agrees to perform the following work (“Scope of Work”):Detailed description of tasks and responsibilities.Exclusions: [List any exclusions here].Materials to be provided by: [Contractor/Subcontractor].Reference drawings or plans: [Attach if applicable].2.

Quote from @Bruce Woodruff: @Brandon BlackmonI agree with Bruce, there is no PPSF model..

So we agreed to $170k.

But I agree this was NOT a wise Invesment.

I couldn't agree more about the network.

I work with many military and out-of-country investors to create a portfolio with turn-key single-family homes and manage on the back end, making it hands-free for the investor.