@Ryan Horan Sounds like you have a strong plan and if you can make the necessary payments if all went sideways then go for it.

I strongly agree with you that it is difficult to do real estate investments from abroad, so is it in Sweden as well, but I hope that we can start out with a minor risky property.

Over 50% down on a seller financed offer is quite strong.

Another contractor started strong with timelines and quality, then slacked off and quality went down (took to long to fire this guy).

If you want to be passive, you could easily spread that over 6-8 syndicated deals in multiple strong markets. 

examples: Type/Size of house - (so we know what you flip using this kit)Paint color/brand indoor-Paint color/brand outdoor-Flooring type/brand -Cabinets type/brand -Counter top types -Pulls (style, type, etc.)

Good Afternoon Luther, If the property has been listed for 18 months at 45K I would strongly encourage you to send in an offer below list price.

I would strongly suggest investing out of state and aiming for cash flow, and hiring property managers to be pretty hands off on your investments. 

@Allison MeggisonI would strongly suggest working with a local real estate agent, as they will have access to a great deal of information that will be of use to you (comps, previous sales, rental rates in the area, etc.) when it comes to apartments. 

That's not my style both because I don't want to be a slum lord and because I'm not investing in Detroit purely for cash flow.Yes, I know Ashley bought dumps in that price range and fixed them up and now they're worth more.