That being said, you can overcome some of the challenges of distance with technology, such as if you receive video (or photos) along with maintenance requests from your out-of-state tenants, allowing you to keep some visual on your property from a distance.If you are comfortable with distance, there is a price-to-rent ratio that may come in handy for you and end some of the analysis paralysis.

It will be a new set of challenges and another chapter in our real estate journey.

The challenge we seem to be finding, at first look, is the small size of the loan.Thanks, John

If he is asking you these questions he is A) trying to help sell your offer, B) try to learn more about what you like or dislike about a given property which may help on the next, or C) trying to engage in a discussion about how your offer may be unrealistic. 

Our fees may get challenged, but our profession isn't going anywhere, imho.

Miles, welcome to BP, and you are doing the right thing..... read,read,read, and dont forget to reach out and ask questions and engage with the community, this place is truly awesome and bursting with info on investing...

Do alot of reading, take notes, watch the webinars and podcasts when you have time..... and dont hesitate to reach out to people and ask questions or engage in conversation. were all here for similar reasons.

I personally wouldn't necessarily recommend this avenue, and I'd imagine it would still be challenging to find a solar contractor willing and able to "get creative", but I have seen this play out before. 

Assume you can turn your $110K asset after selling costs into 3 Memphis units that each cash flow $200/month after realistic PM, cap ex/maintenance estimate, and vacancy estimate (a bigger challenge than it may seem because maintenance and cap expense do not vary that significantly base on the rent as much as the unit profile (number of bathrooms, square footage, etc.); cheaper rents have a higher percentage of the rent needed for cap ex/maintenance. 

So, your applicant is engaged in tax evasion and has an eviction.