However, if you feel like you do have some extra time on your hands, you are handy yourself and/or you have some good connections and team members that can do the work for you, doing the BRRRR is a good way to go.

We agreed to use his funds while I use my team (already local) to manage the rehabs and the re-selling of the properties we purchase..If you're experienced in this area, please give me some solid advice on how to go about this, I want to move now!!

I also responsible for building a teams.

Biggest take-away here is that who you have on your team makes a huge impact on your success.

@Michael Wilson you should be able to really lean on your team during this process.

@Solomon F.What makes them “qualified” for your team ?

My team and I read the MFRMLS market reports every few months (and we all have our own theories or hypotheses).

Look up Shelby Osborne's real estate team.

"I want to paint the rooms these colors"  WE are not going to be living there.The rental needs to be safe, sound, generic and durable. 

If you are going to invest out of state, you need to really do you due diligence, both on the property and the team.