Start with these three key points:Current SituationAssess your current or expected capital and credit within a realistic timeframe.

The key is a great contractor and a clear, detailed, well-thought-out scope of work. 

That would be the key element + no rental restrictions Ramsey,Do not forget there are a ton of REI properties in areas not close to the beach or in a flood zone in Florida. 

Being out of state adds challenges, but the key is building a solid team.

And are you looking for turn-key properties or something along the lines of a "fixer upper"?

The programs he brags about are no more than searching Zillow and Craig’s list for key words.

Because as we know not every property will be turn key. 

Maybe they've been burned by landlords in the past and are being very careful.You can legally reject them based on personality, facial tattoos, body odor, or other factors, but you better make sure you can prove that it wasn't based on any protected class like race, religion, familial status, etc.

The key is ensuring the after-repair value (ARV) supports refinancing to pay off the initial funding without overextending.Fix-and-flip - This requires sharp numbers and market knowledge.

Leveraging seller financing creatively, with strategies like stepdown interest rates or unique amortization schedules, could be the key to bridging the gap until the property reaches its full income potential.