Bad areas also tend to come with late rents, evictions, etc. so those visits (that now cost twice as much because two people have to go) are far more frequent.Granted, this isn't fair, it's overgeneralizing, it's casting a wide net over a tenant-class where the vast majority are great people, so your mileage may vary.

They are a big company, appeared well run, and assured me that because of their volume that their services fees would be lower than street value.  

Before you discredit any structuring ideas I would recommend visiting [LINK REMOVED].

TWO EXIT STRATEGIES… proven strategies… or you’re not a professional investor… you’re just gambling with your family’s money.Almost ALL of the “ deals” I have been pitched in my region of Florida are built to assure that the wholesale gets rich… period. 

Let them know you will put a serious offer together subject to visiting the property and looking at the rent roll next weekend.  

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But please, my pressing question is thus, after securing a property out of state, how am i gonna get a reliable contractor for the rehabilitation and how am i gonna be rest assured that after paying the contractor, he would execute the rehab job considering the fact that i won't be there in person for checks and balances?

visit the property or not, pulling comps takes time. pulling STR comps takes more time. updating the report takes more time. adding your signature to said report adds a layer of liability and professional E&O insurance coverage. if the going rate for appraisers in the area is $20 / hr than $700 sounds like way too much because that would represent 35 hours worth of work.

Our guests are usually coming to either visit their college student, come for a football game or have ties to the area. 

Make sure to include your website in your letter so that the recipient can visit your website and get more information about you.