Full Brick Detached Duplex in Optimist Park (4 Bd/2 Ba) 1610 sq feetPP: $565k                                                                                            DP: $28k                                                                                              Closing Costs: $0 ($15k seller credits)                                            *Used to cover CC & Buy Down RateRenovations & Furnishings (MTR/STR): $47kCash Invested: $75kARV: $675k-$700kJust a quick aside, I think right now is a great time for an investor, because there are a lot more people on the "side line".

Fourth, we wouldn’t need to take on debt to make the purchase and we’re comfortable with the costs and management of the place given our history with it.If we buy out the relatives, we would likely pay around $295,000, which we have available now.

You would be exposed to doing work without a permit, the cost of the actual permit and, worst case, having to rip it all out and have a licensed plumber/electrician do it again.I've heard most municipalities around my area no longer charge the work without a permit fine.

As such, we opted for the deed in lieu strategy in order to minimize cost and uncertainty while speeding up the timeline.We began working with the borrower to negotiate terms of the deed in lieu.

The annual insurance cost of $300 is way too low, I'd add another 0 to that.

PS - I'm looking at building one myself, so happy to let any of y'all use it (at no cost) if you would like to chat.

Even if you aren't ready to buy, it will give you so much insight as to what properties are in what areas, how much they cost, etc.I'm an agent here in Pittsburgh and I work strictly with investors.

Starting out if your house hack lowers your cost of living you are doing well.

Needing costly maintenance after dealing with break ins, in-consistent tenants, and no one wanting to manage your property.My team and I, have created a graded map on all major cities in Ohio.

Also, probably I'd have to fly out to KC a few times until I buy the property to meet the team, potential properties, etc which will add to the costs (~$600-$800 each trip) of owning an OOS property.Given this market, I'd like to hear from OOS investors if they think it's still doable to pull off an purchase worth investing in.I don't want to talk myself out of it again and focus on the negatives but also, want to make a sound decision that benefits me in the long term and doesn't hurt [much] in the short term.