If you meet most of the criteria, some may not care.4.

@Rob Trufant I wonder if your criteria may be a little unrealistic for the current market.In Colorado Springs (and most other markets) House hacking is tough to cashflow in year one (with current house price run-ups and interest rates) for a couple reasons:1.

I often see these forums flooded with people asking questions that they really don't need to ask, as their questions are very much personalized to their specific situation.I will try my best to keep this as short and concise as possible for simplicity and not waste you all's time. 

What they do differently is find off-market deals through various lead sources they created over time, and they're supposed to send them your way according to your criteria.

As you're beginning to research the different markets out there that meet your criteria, look to see if you have any boots on ground in t those areas who can help you with the long distance investing! 

Once everyone is clear on the big picture of what the estate plan is and what your parents want, other issues dealing with specific properties and specific issues such as 1031s, shifting to other investments, financing issues, etc. will become clearer.

One of my friends has just pooled 2M in funding for fix and flips specifically for phoenix arizona to cover full deal acquisition.

Are there any specific regions or neighborhoods where you're experiencing favorable rent rates relative to property acquisition costs?

Hello DFW multifamily operators/investors,We are observing an increase in delinquency rates in DFW area, sometimes above 5%, for workforce housing even with strict qualifying criteria.   

I suspect you will have other answers that are a variant of specific information and tips.One that is a little different that I'll toss out there: find someone that has done this before, that also has $250k+, that wants to be a mentor, and see if they will go in together with you.