It doesn’t cost you anything and gives the tenant time to rearrange their entire life around your decision. 

@Cameron Porter ultimately the most important part is the ARV, inclusive of the expected rehab costs.

Or are you planning to put 100% of the risk/cost of vacancies, furnishings and tenant nonpayment on the owner with you having 0% risk?

You can also gain valuable experience virtually and offer low or no cost "co-hosting" services.

Would the value of the remodel increase the rents or the selling price that would out weight the cost? 

This allowed our partner, Jamari Sprueil, to move forward without any upfront costs.

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

Hi all investor here with a sfh property in Oklahoma, I have been having ongoing plumbing issues almost every week with toilet clogs etc since last year, and recently they had to repair the sewer lines and had to excavate the backyard and living room floors costed me tens of thousands of dollars.

I also suspect inflation will drive continued migration to lower cost of living / lower tax states.  

Finding deals outside of California can definitely open up new opportunities, especially given the cost of living and market dynamics in the state.When looking for properties in other states, consider focusing on areas with strong rental demand, economic growth, and population increase.