All of those (agent in FL, r.e. attorney, PM, accountant, virtual assistant etc) plus someone that you trust with your money in that part of FL.

@John Jackson Haha Consider this a virtual IOU.

pay for taxes and ins. escrows pay for a Home Warranty pay for home repairs pay off credit card debt, auto loans, etc. pay off collections and judgments pay for new furniture pay for all new appliances pay for home remodeling and additions pay to have home painted pay for weekly pool maintenance pay for credit repair pay for landscaping pay for monthly lawn care pay for new A/C system sales price reduction pay portion to prior realtor for their efforts …and so much more!

House could possibly use some new flooring, but really doesn't even need that, virtually move in ready.Purchase price $42kEstimated rent- 730-750 a month.Taxes - 1200 a year.Insurance- 500 a year.Expect 400+ in gross cash flow, expect expenses to run pretty light, considering all big items are nearly new.Thoughts?

Which area are you operating remotely/virtually in?

I fund virtually all my deals with a combo of all of the above.

From the places I know it is virtually guaranteed to work.

I also , in my opinion, have virtually no debt-to-income.a.

I set up a virtual pc on rackspace.com for it.

I think it's the best on the web.IMO, you are using the wrong financing vehicle if they have only one per cent down, unless they provide other collateral, that is a bad loan to start with and will not be viewed well in court if you have to go there.No skin in the game usually dicatates and option being financed along with a lease to provide possession.I would also say that you never finance inventory, small machinery, furniture and fixtures and disposables (inexpensive stuff) unless the seller wants to just dump it.