Mine rented in less than 15 days.)All in all, that gives me $140 a month for vacancy, CapEx, and repairs.

Use the brokerage account to fund the downpayment and repairs to bring it up to the comps in the area.

Assume break even cash flow while rented which includes a generous $600/mo repair fund. 

I also assist folks (largely OOS investors) get started in the market there.I'm happy to connect, chat about the market, and send you a ton of resources.The city has been seeing a huge resurgence that goes back 10+ years now.

Let me know how I can be of assistance 

Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.I have assisted OOS investors with repairman/handmany/GC references.

Thank you all for all the information and assistance you have provided 

You can save a lot on costs if you do many repairs yourself.Look into hard money lenders or private lenders for the initial purchase and rehab.Connect with wholesalers, agents specializing in investment properties, and other BRRRR investors to find deals and learn more.

Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.

The best deal I can find today is one that you buy cash, invest a rehab and when you pull out 75% of your ARV you leave maybe a small amount of money in the deal and you break even (BEFORE DISCOUNTING FOR VACANCY, REPAIRS, etc) Yes that means you leave like 10-25k in the deal and your payment becomes $3000/m and your rent is $3000 a month or slightly less.This is for my local market and for Class B or higher RE.