The biggest issue for dealing with OOS investing is the technology; make sure you research your boots-on-the-ground company to ensure they have paired with the right technology that will allow for easy communication and quick access to updates on your project, especially if you plan on not being on-site regularly.Make sure the "connections" you make with other GC's or REI professionals, that they are licensed and insured and can provide references for their work.Join local groups on other social media platforms and start discovering the midwest market virtually by hearing what others are saying/recommending and what areas people are investing in and with what REI strategy.Indianapolis is a great market to get into right now because you absolutely can stretch east/west coast dollars further.

Shout out to Rob for great communication, providing invaluable knowledge, and having a well-credentialed list of vendors and connections that enabled me to gather the other members of my team.

The first is operational risk, the risk associated with operating the property efficiently, keeping costs in line, vacancy low and income high, management, etc.

They do a good job with management and communication.

(All this is best to do through PM)When tenant communicates hardship or missed rent date, show some due empathy and reassure them that we are in this together.

In this scenario, ML will not provide you with cheaper methods, it will simply create a faster more efficient you. 

Also by understanding your brand and starting with quality communication with all potential renters you will find it provides the foundation for quality communication with your renter for years to come.

@Sandy ScialesI agree that putting it up for rent and keeping it on the Market at the same time would be efficient.

@Parker Maher my Podio design is very customized to handle leads as the come in, followup schedules direct to the calendar, opportunity evaluation and offer assembly, communication with the buyers, flip the switch and take the entire project to rehab project management where you can solidify repair costs, send request for bids, receive the bids and award the work, track expenses both material and labor.

I look forward to a follow up on this communication.