Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

I do this because it gives me more time to pick out the project finishes/materials and gives me the ability to change my mind without hassling the contractor for a Change.Remember, if you are buying the materials yourself you bare the burden of taking the time to shop for the materials and schedule material deliveries so they are on-site and ready for the Contractor to install.If you deliver materials late, expect to feel the wrath of your Contractor and pay for the inconvenience!  

A long time ago I delivered pizza for an owner operator in Melbourne who stopped delivering in certain neighborhoods because the drivers kept getting robbed. 

So far they have delivered on their anticipated returns.

I have seen much worse damage, but it still costs you time and money, especially when you delivered them the property in such great condition.The course of action as follows:1.

Often times primary residences do not make good investment properties as the rent-to-price ratio is so far out of whack that cash flow is impossible or they deliver terrible Return on Equity (ROE).

Every inch of this property has been lovingly and thoughtfully restored to deliver an experience of upscale casual elegance.

An example of this is building units in San Diego which can deliver 15-20% return on invested capital.2.

Good one's will under promise and over deliver.  

This all assumes that the platform itself is relatively hassle free and can deliver.