Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.

Also, consider reaching out to local property management companies for their input on rental demand and market conditions.Comparative Market Analysis (CMA): Your agent’s assertion about good rental comps should be backed by a Comparative Market Analysis.

Today I met with Tim, he is my mentor/partner, he was my old office manager in MA, and he was the one who convinced me to get licensed in Both states. 

Hi Everyone,Can anyone share their experience managing general contractors remotely?

Open to properties around the country with PM management, but focusing currently on the South and Midwest.

As long as you can manage the short term, you will succeed in the long term.

I manage around 400 rentals with 14 years of experience and have never been sued once.

You need someone to help you with finding A property, rehabbing, project managing rehab and property management.

May I recommend anger management since you seem very triggered by me just trying to seek out some help in an area I'm not very familiar with.Cheers!

Requirements for becoming a lender will vary from state to state, but at minimum, whomever operates/manages the company will likely have to meet industry experience requirements and will need to meet capital/bonding/licensing requirements specific to Texas.