This also means you will have to pay a higher rate and or cost/points due to it now being an investment property instead of just refinancing this property as a primary residence prior to leaving.This is a mortgage planning tip if you plan to bob and weave in and out of the mortgage lending products ethically while utilizing them to maximum efficiency.

If you follow these points you will greatly reduce your risk of major loss.

Hey @Price Paramore thanks for the shout-out, much appreciated :-)@Blair Lee best is to check out people's profile here on BP and follow up on their forum or marketplace postings and other major social channels.

In addition, I've never been involved in any major home renovations and I'm not particularly handy so the the prospect of managing a contractor from afar seems a little daunting.

Watching probably over 100 podcasts by now it seems the majority of successful investors are against this practice as well.

And now Brian wants to talk about his (surely Magical and Trademarked) Cook Islands product. 

Be careful with major rehabs long distance 

Lots of major improvements in the city, AAA baseball might be moving in, developers flipping entire neighborhoods I wouldn't have walked down last year.  

I haven’t looked at the house in person to know if there are any major underlying issues yet but I’m thinking I could purchase this house for around 20-23k, put 5k in it and rent for 600-675.

It has made me a very wealthy man but i'd be lying if I didn't tell you that It's a war.Here is some of what you can expect in Cleveland or any other major metropolitan market in the $7,000-$30,000 price range.House was vacant after tenant's were evicted.