Expect delays and unexpected expenses: No matter how straightforward the project seems, having a contingency fund for emergencies is essential.Your Team matters.

Keep in mind that your mortgage terms and insurance premiums will probably be less favorable in an LLC.

My property is located in a C+/B- neighborhood has the following landmarks nearby: -1.5 miles from a major university with a popular D1 NCAA college basketball team-1.5 miles from a children's museum-1.5 miles from an art and nature museum-1.5 miles from a beautiful nature parkIt's the dead of winter, and I'm wondering who I can market and how I can best market my property to on Airbnb. 

Sounds like you are already on the path to being an out of state investor and with the right team that can be powerful.  

One of the most common mistakes beginners make is jumping into large rehab projects without having a solid team or boots on the ground. 

I would focus on serving the draft team so well, that they keep you.

Being able to visit properties, oversee rehab projects, and manage your team is crucial for successful investment.Ultimately, there's much to consider beyond the initial purchase and rehab.

@Gregory Dunton,Dunno if any of these guys were on a debate team, but they would likely have earned something for so staunchly defending an indefensible position.

(A lot of states, they can easily pull emergency assistance, and the court case get automatically dismissed) If they are pro at this, you have no way to win without a super experienced PM and legal team.

The process must be understood and applied to team building, investing your and 3rd party capital, and financial deal structure with debt and equity sources.