However, due to unexpected construction costs and delays, the project is now at break-even.

.- Property Management:Managing properties remotely often requires hiring a property manager, adding to your costs.- Increased Travel and Communication:Regular visits and long-distance coordination can increase both time and expense.- Legal and Tax Complications:Navigating different state laws and tax regulations can be complex and confusing.Out-of-state investing can be a great way to grow your real estate portfolio, but weighing the benefits against the potential challenges is essential.

Even the cheap "cashflow" areas right now don't cashflow after real cap/ex costs, maybe on an excel sheet they do.

Fix it, still in their name, have them sell it tax free, and reimburse you for the cost of fixing it up.

Most claiming to cover closings costs/sellers cost.

I am only asking her to move out for 6 nights but what she is demanding will cost me ~2/3 of the rent.

To keep things simple, I'm not accounting for the cost of capital (that is very personal and varies for everyone) and I'm not considering other exit strategies.

To negotiate, I leveraged the property's need for renovation as a key point, highlighting the costs and effort required to bring it up to market standards.

So, this is putting him in the position to have to look at the possibility of doing a 1031 exchange on the 2.5 - 3.0 million that would otherwise be taxed at capital gain rates (he wants to avoid paying Uncle Sam at all costs).

@Kent KettellThe advantage of leverage is that it lets you extend your purchasing power.