Additionally, some syndicators are mostly in the middle-person role of sorts; partnering with others who do the primary LOI/PSA/operation roles.

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

If the stock market were real estate, you'd pay for 5 shares of Apple stock and get an additional 95 shares.

 @Bill B. in addition, the TAR seller disclosure form in Texas also asks specific questions regarding insurance claims and if the proceeds were used by the seller to make the repair.

Additional charges will be added to the next month's rent and due and payable at the same time.

Also, for flips, I like to reserve an additional 15-20% in contingency for unforeseen conditions or changes. 

You want to make this clear that additional items need to be purchased by the guests so they are aware.

Additionally, make sure you’re familiar with local property laws and any regulations that could impact your investment.I agree with @Jason Wray that you can easily find a cash flowing deal under 200k. 

Since seller-paid fees usually cover their services, you get local expertise without additional expenses.Final ThoughtsLive where you like, but invest where you can achieve financial freedom.Out-of-state investing has proved to present excellent opportunities.

On the positive side, it seems like you have a good potential BRRRR that you can use to purchase additional properties.