Only fear is that I also feel that if I don't buy a townhome/condo now I miss out on the opportunity to live in this area if I ever plan to buy a property. 

Our calendar fills up fast 9-12 months ahead of time so we have to plan that far ahead.

Furthermore, I fortunately had a visit planned to the US right around closing time so I was able to have everything notarized there.

Also, the turnover will be much lower, but maintenance costs might shift too, so it's good to plan for that.Happy to connect if you need more tips!

I  did say i am planning to sell my business to free up some capital.

If doing a light rehab depending on the scenario sometimes an inspection is good if planning for just a cosmetic not to have any surprises later in the project 

Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.Does this sound like a solid strategy for a first investment property?

I plan on using the brrrr method. 

My plan is to maintain the status quo and benefit from annual rent increases and equity gain as the tenants' rent covers the mortgage.

I think this calls for another patented day of Mike's Research Plan.