For those of you who invest out of state, do take extra caution and make sure your Boots-on-the-Ground team is being extremely diligent. 

Not sure why the move to in-state triggered a downhill rush for this?

I stay at a lot of AirBnBs and I am about to pull the trigger on my first short-term rental in OKC and I cannot stress the importance of how the home is presented in the pics.

But on the other hand if they do put in that work and send you properties that meet your criteria, you need to uphold your end of the bargain and actually pull the trigger.

I am extremely fortunate to have a great-paying first job and a relatively small amount of student loans, all federal.

We're in Northern Michigan and like everywhere else, inventory is extremely low up here. 

Foundation issues are extremely expensive and hard to predict the costs.

Hi Dan,Real estate is fast-paced game and you need to be able to submit your offers quickly and confidently without waiting around for an inspector or a contractor to walkthrough the property and give you an estimate.Contractors are extremely busy right now, and it often takes several days (or even up to a week) to get an estimate back.You obviously can't wait a week in order to make an offer on a property, so you really need to be able to put together an estimate yourself without a contractor so you can submit an offer and get the property under contract before your competition.Unfortunately, if you don't have any experience with construction costs it can be nearly impossible to confidently put together an estimate, so here is the process I recommend for learning the process of estimating rehab costs:#1 Read 'The Book on Estimating Rehab Costs'First, you need to build a foundational knowledge of construction, inspecting properties and putting together a detailed SOW.JScott's 'The Book on Estimating Rehab Costs' is a great resource for new rehabbers to learn how to Estimate Repair Costs on 25 common rehab repairs.https://www.biggerpockets.com/store/the-complete-g...#2 Explore Lowes and Home Depot to Learn About Material PricingTake a tour through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects.

Or me cancelling the insurance(since the buyers would hv their own insurance) would trigger the due on sale clause.

I will consult a tax professional prior to pulling the trigger on anything.