It is a 2-story house, where the master's bedroom is located on the first floor, and 3 bedrooms on the second floor.

I’m reluctant to allow a potential tenant to enter the home unsupervised prior to signing a lease.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

Whenever we'd evaluate property prior to its purchase or if we wanted to get a site plan approved, we'd get a wetland expert involved.

It is a 2-story house, where the master's bedroom is located on the first floor, and 3 bedrooms on the second floor.

Where is BPInsights located on the website? 

if you can manage to live in it and rehab it over time, then if you live there 2 of the last 5 years prior to selling it the gains are tax free up to a certain amount. 

Also, for 2024 when I go to file, at that point I could work with a CPA or tax prof and amend the prior return if it wasn’t done right, correct? 

Thank you @Danny Randazzo for pointing out the reading of the loan docs with your lender prior to considering this model.

I had no prior experience and it went well.