Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.

Two more are (1) ensuring that your LLC formed in another state is registered to do business in the state in which you're purchasing property (if required by state law or otherwise recommended by your lawyer; and (2) ensuring that you have the requisite ties to the state in which you form the LLC (requirements vary by state).

What are you doing to ensure that you are financially capable of taking advantage of an opportunity that shows up out of the blue?

Will see what I can do about some pictures ... as a fellow OCD'er, you understand when I say she's not QUIIIIIITE ready fro her close up :)All joking aside, I have a few sub contacts in that area that In have used that are reliable and efficient.

This is basically a tax efficiency strategy that puts working capital in your accounts, but at the same time keeps your taxes manageable.

He doesn't bring any handyman type of contractor experience but he will be able to find and work with the contractors and ensure the property is managed.

Check all the bigger items (furnace, water heater, roof, siding, carpets, paint) to ensure your prepared for future repairs or replacement. 

Forgot to mention an entirely new high efficiency combi heating/hot water system with new baseboard throughout as well.

The main factors to consider are efficiency, expertise, communication skills, and fees.

My main goal is ensuring positive cashflow than appreciation for now.