Our team helps a lot of out of state and out of town investors find properties that meet their needs (usually parking equity after a 1031 or moving equity from other real estate investments in other markets).Cashflow obviously depends on your LTV, but I would say the days of cash-flowing on an 80% LTV deal in this area are long gone, particularly with increased insurance rates and inflated operating expenses.

Please help me analyze this deal and let me know what I need to consider before moving forward with it.

If he has a business entity in the United States, his deal should qualify for private money loans. 

For sophisticated sellers with highly marketed deals, invest extra time in thorough due diligence.Next, assess the property's condition and estimate renovation costs.

Keep us updated as you analyze deals and how it works out for you!

About 95% of people I have talked to that have preached to me that they are getting into a great deal in these area for these prices, end up wanting out and are trying to offload. 

The regulations need to be taken into account but finding a good deal in these markets is easier than most.

Also post into local FB groups the specifics of your sale and you will have people reach out if your deal makes sense.I hope that helps.

Try to find an Investor like me that’s aging out and work an off market deal wherever possible. 

I don't have as many tips for solutions mid rehab, but I do know that most, if not all, of the very active investors that I know have established relationships with 2 or 3 lenders that specialize in programs that match their strategy and have an agent or two in the investors target market to help them find more deals without having to put much work into finding them.