I do not have a construction background and do not have any ideal how mush a certain job (say a kitchen gut) would cost.

To facilitate commerce, certain organizations combined efforts to create a set of laws that would represent "ideal" legislation to govern commercial transactions.

General question: What are your thoughts on the ideal distance between where you live and your first investment where you're managing tenants?

That philosophy might fit 'generationally' so to speak.Hope that makes more sense.

Conversely, I think of it ideally as a SFR marketplace for the wholesaler who wants to flip SFR deals to rehabbers of single family homes.

My ideal situation would be for the tenants to pay $1800 until end of the year and voluntarily leave on their own in Jan or Feb?

So, after drinking up as much of the bird doggin' wholesaling lingo I could, I decided to use my lunch today to go out and do some REI therapy, AKA: find absent owners or do some bird doggin'.After about 15 minutes, I found a decent house that I thought might fit an investor's eye.

Regarding 50% and 2% rules, they are great rules of thumb that I did use and considering I have the property and complete rehab with new mechanicals systems for less than 24K (cash), I can say I fit comfortably within the "rules" criteria.

I am in SW Florida and believe it's an ideal area for these homes.

Not ideal, but it works... when I remember.