We work almost exclusively with out-of-state clients and they routinely buy "sight unseen."

I can handle most of the cosmetic work myself, and seeing as this is my first flip (or investment of any kind) I want to in order to get the experience.

@Steve Vaughan lol sounds like you have a solid routine going!

@William Rohr 1) Value add 1-4 units in the nicer sections/streets of C class areas.2) I look for structurally sound but room to make cosmetic imrovements to increase value and rents.

currently they are all rented, below market rate, and can be rented for 3,600-3,900 per month as opposed to the 3,050 that it is currently.The owner is currently paying water/trash/sewer which is $450.00 per month for water and $150.00 for trash.The starting price was 299,000, i offered 179,900, and the owner countered with 179,000 if i picked up ALL the closing costs (roughly 14,000) or 199,900 which is a 100K under the original price.There is some major cosmetic work which needs to be done to get them up to the 3,600 income (will cost about 6,000 per rental)So here are my questions;1) Can i remove the tenents if there was a lease in place prior to my purchase to get the apartments cleaned up?

Mainly because I got the property at an incredible price and will make a quick 20k with just about 2 weeks worth of minor cosmetic updates.

Cosmetic.

It was a full cosmetic job.

Maybe you could find something with a realtor that has been on the market quite a while that just needs some cosmetic repairs or paint and flooring.I would say rent for 3 months or 6 months to get a feel for the area.

Our initial idea is to purchase some already rented properties at a discount with cash using my new HELOC, make necessary upgrades (if any, cosmetic) and hopefully do a Delayed Financing deal to pull back out most of the cash we put in.