While I can't speak to investing in Austin and Peoria due to my lack of experience in those areas, I can definitely vouch for Cleveland as a fantastic option, especially if you're seeking cash flow properties.

Here is my raw advice from my experience: - Divide up contractor payments into 4 (1st before project start, 2nd 1/3 of the way there, 3rd 2/3 of the way there, and 4th after project finishes).- Tell him if he can finish the project within the date, you will give him an extra $500 but if he does not finish then he won't get it. - Call every 2-3 days to get project updates - Pay for materials with your lowes pro business credit card over the phone - Ask contractor for itemized list of things that needed to be doneThe above will ensure your sucess.

Do you have experience with renovation or landlording or mini-flips?

They have some of the most extensive fees because this way they can charge you fees but low points.You can expect to pay about 1,500 in closing cost fees: Legal, processing, underwriting.To get in a good loan, you would need some experience in real estate flipping/holding preferably in Houston and be 100k liquid and have credit 700+.You fill those three needs and I can help you for sure.

I can tell you from experience, I've yet to see a "comprehensive lease agreement" that was not drafted by an attorney who knows this business well.

I've previously posted on my RAL journey but I want to share my experiences and lessons learned. 

Good stuff, although in our experience, most investors going OOS, don't do enough market research.We really push understanding the property Classes of the market, so someone doesn't put "lipstick" on a Class C or D and sell it to an OOS investor as Class A or B!

Does anyone have experience buying properties from auction.com? 

Drinking plenty of water and bringing along nuts/trail mix or a piece of fruit while out on the road has definitely been a plus in my experience.

Are there are any real estate agents you would recommend from personal experience or from follow investors that focus in Michigan City, Indiana?