With many people's help I recently made my first buy-and-hold purchase of a duplex in Fort Wayne, as an OOS investor! 

That money goes towards the purchase if made, or is forfeited if no purchase takes place.

Purchase price: $55,000 Cash invested: $30,000 Purchased property was renter-occupied at $600/month at the time of purchaseDid not renew lease with tenant.Completed full Renovation at $30,000 6 days on the rental market before the property management team got a signed lease at $1200/month Renter moved in July.ARV $179,980 What made you interested in investing in this type of deal?

I'm looking to purchase another home or undertake a flip.

California based investor looking to purchase single family properties all cash in Ohio and Kentucky. 

Touching on some of the above my lender did a loan for a client who did not have a primary (lives in rented NYC apartment and purchased home in FL), and mileage is not a concern but you have to prove a reason i.e. you live in a city and the visit the beach often, you work often in subject area, mountains, etc.

Purchase price: $250,000 Cash invested: $65,000 This is my first flip.

Purchase price: $370,000 Duplex that was purchased on the backend of a 1031 exchange.

Cleveland has a lot of duplexes available in rental heavy areas that cash flow with purchase prices under 200,000.

Take into account the travel time, phone / video time, mistakes along with all the other economic factors.