To live multiple states away and run a string of successful C-class long-distance BRRRRs anywhere in the Rust Belt is practically impossible.

@Owen Wang I applaud your enthusiasm to hit the ground running! 

We’ve also found that at least one of the authorities (Jefferson county) started to run some kind of property specific rental comps which can also affect the max they’re willing to pay. 

My north side Chicago which is class A-/B+ units run on average sub 3% vacancies.

As always, make sure to run the numbers carefully and factor in local property taxes and HOA fees, which can vary widely in North Texas.Delayed gratification is key in real estate investing, but with patience, the rewards can be life-changing.Best of luck with your search

Im still running workups on stuff, but I have not seen any deals that work for me. 

While the cost can vary depending on the scope, zoning, and materials, I’ve seen similar projects run anywhere from $50,000 to $150,000, depending on factors like plumbing, electrical upgrades, and structural work.If you’d like, I can connect you with a few contractors or architects in Chicago who specialize in basement conversions.

I do generally agree with the sentiment of Austin and the other hosts that fundamentals will always win out in the long run, and this by nature is a long term industry, even the sales side I'm learning.  

We rent an environmental screen database that provides us with a 24 hour turnaround environmental screen and engineer evaluation of the report. 6.

For that same capital, I can buy a run down project and renovate.