At the moment I am doing about a $15k remodel and repair to this house.

More importantly, there will be high turnover which leads to turnover costs, more repairs, more leasing fees and just way more headaches - especially when you're supposed to be passively investing from across the country.  

It’s crazy to think that something as insignificant and mundane as a simple window repair allowed for the conditions to save a person from crossing over into the next world .

Assuming me and the potential seller reach an agreement on price over the phone or by email, what type of document or form would I need to make the agreed upon price official?

You might be able to drive for dollars and work the phones enough to turn up a few deals, but if you need substantial volume to generate startup cash, you're probably going to have to pay for direct mail or other marketing techniques.

i just dont want to get so thinned out and the markets shift and end up lossing everything...at the same time i could refinance this house take my 185k and find a house for 100-120k still have cash for repairs and rent current home out that would be cash flowing about 1500/mo while i use my construction background to fix and eventually  rent that one....thoughts i guess would be much appreciated for this newby:) thanks!

i just dont want to get so thinned out and the markets shift and end up lossing everything...at the same time i could refinance this house take my 185k and find a house for 100-120k still have cash for repairs and rent current home out that would be cash flowing about 1500/mo while i use my construction background to fix and eventually rent that one....thoughts i guess would be much appreciated for this newby:) thanks!

It's gone up in value about 50% since then, more due to the market than to my repairs/improvements.

Your loss as a result.You can try to take the tenant to court to collect but based on the fact that you neglected your property I would suggest that you just do the necessary repairs and sell the property.

Looking for experienced contractors or people that know how to properly do estimates for repair cost!