Hi BiggerPockets Community -I'm currently taking on a flip that's going to need some repair on the roof (specifically the truss) due to some fire damage prior to the acquisition.

I was looking at a few properties in Mexico Beach and Port Saint Joe prior to their recent tragedy.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

What I have heard and read is compare it to similar properties in the same area that have been sold recently.

would this be like listings you could find Prior to them hitting the MLS? 

Looking at a crime heat map, it seems like this area has an extremely high crime rate compared to most of the city.

Hi,As I understand, the inheritance tax that a foreigner has to pay to inherit a property from another foreigner is 40% from the excess in the market value of $60k of the inherited rental property located in the US.To mitigate this low exemption compared to US citizens, I am thinking of establishing a general partnership.

So for me lack of prior ownership didn't really make a difference, although I would love to have the flexibility that sitting on an SFH with a lot of equity gives. 

@Raeline Scott The first thing I would do is evaluate the demand for these lots and compare them to other lots in the area. 1) You mentioned the lots are on a mountain, Is this a resort mountain area?

In fact it would take years to make that much from cash flow.Using your numbers:$150,000 property$30,000 down + $30,000 repairs = $60,000 total investmentAfter repair value $200,000 = $20,000 in equity gained or 33% ROI + cash flow$200,000 property$40,000 down + $0 repairs = $40,000 total investmentAfter repair value $200,000 = Only return is from the cash flow as compared to the $40,000 you put downIt seems to me that fixing up the homes made you far wealthier.