@Jay Hinrichs however I was referring to after you've zeroed in on a target as part of the DD process, the problem I see is if you've missed something for your spotter to ask/do, reliablity /knowledge / trust worthiness of job, etc I'm not sure if would be worth the extra fee(s) ( multiple visits, etc) to not have your own   eyes on ... execpt in thoses rare instances where it would be near impossible, time and/or cost prohibitive to do a sight visit  ( re:  out- of-state or sight unseen) I guess for me  It would have to be one of those "too good to be true" type of deals we've talked about: 1: 1 million lol

You may want to also pull out statistics in project cancellation/project shutdown due among other things, State induced strict compliance to the letter, contractor's compliance and liability costs (biggest reason why significant California contractors are put out of business aside from tight competition), it's just next to impossible to earn contractor wages based on economic conditions (that being current prevailing economic depressed consumer wages cannot support re-construction costs or that wages to property modification ratios is not sustainable in long term basis), indicators, and indices (unit labor ratios, material integrity and application ratios, Local, State, and Federal (labor, occupational hazard, environmental) compliance costs, and certain and uncertain risk factors.

Running comps on it was impossible.

I wouldn't pay as much attention about learning the servicing laws and regulations, as it's nearly impossible.

This may be a challenge in a rural area, but not impossible ...

It may not make it impossible to link me to the assets but it sure adds more work to finding out who i am and what I have.

In most parts of the country it's basically impossible to spend 60k just bringing a house up to standard without that house being extremely distressed.

You're right Brooklyn can be competitive but nothing is impossible.  

I like it that most people think rental property is an insurmountable challenge with impossible tenants and other intractable problems.

It's not impossible to fill a vacancy in December, but there will be a drastically smaller pool of applicants.