I would definitely be interested in hearing more about the financials, as that seems biggest hurdle for me right now. 

With that being said, if you are just starting out, and especially in the current market, I would shoot for lower to have that downside protection and to be able to present a really good deal to the end buyer. 

The biggest thing is to make sure you have some kind of income or savings to live off in the next few months. 

The biggest issue for dealing with OOS investing is the technology; make sure you research your boots-on-the-ground company to ensure they have paired with the right technology that will allow for easy communication and quick access to updates on your project, especially if you plan on not being on-site regularly.Make sure the "connections" you make with other GC's or REI professionals, that they are licensed and insured and can provide references for their work.Join local groups on other social media platforms and start discovering the midwest market virtually by hearing what others are saying/recommending and what areas people are investing in and with what REI strategy.Indianapolis is a great market to get into right now because you absolutely can stretch east/west coast dollars further.

Here's going to be the biggest issue with ML - What is the future going to be? 

The biggest issue is finding someone else. 

Our fourth place we're trying to rent -- the biggest unit, a 3br/2ba condo in the heart of Denver -- seems to get the most leads from Zillow.Cheers!

Depending on the improvements you've made, you may have a good amount of equity in the property.Brandon Turner's first property was a live-in-flip, as described in THIS ARTICLE.My biggest concern would be over the dust/dirt factor during construction.  

The biggest challenge was the basement.

Be Ready For A Market Swing At Any Time“Anything that has more upside than downside from random events (or certain shocks) is antifragile; the reverse is fragile.”― Nassim Nicholas Taleb, AntifragileNo matter how well-run your business is, we are in a globally connected world.