HUD inspectors make sure that the contractor bids are realistic, do not take advantage of the investor, AND include all costs for the project. 

How realistic is it to find a cash flow positive property when investing from out of state?

This experience taught us the importance of flexible budgeting and realistic pricing.

Its not that you should not start you should but you should also be realistic.

If you think 6% is realistic, consider using 3 or 4% in your underwriting.  

You need to set actual realistic goals, realistic being they key word, pick a market study it, study it again, study it some more than decide if the yield works for you.

The first thing to do is set realistic expectations.

Can you realistically assess the rehab costs without being onsite? 

Connecting with a professional in the area that has a lot of experience with rental values and prices would be a great first start.Everyone wants to make a killing on their investment property, but a lot of people have to be realistic when they start.

What are my realistic options for a buyer backing out of a contract a day before closing?