If you're not doing that, then you really need an unbiased person on the ground reporting objective facts to you.

Protect your wallet, and just come, bring the rain, and your experienced partners will emerge.Disclaimers: Your mileage may vary, objects in the mirror are closer than they appear, and I play a real estate investor on TV.Blessings,Tevis

Is that your objective?

@Alma Mills All objections about whether this is a good deal aside, to answer your question, to purchase a property with little/no money down, you can borrow from someone, partner with someone, get private/hard money, or get seller financing.

@NICK YAMBURGER What is your object for becoming a wholesaler?

In my opinion, there are at least five huge factors in determining whether or not you should go out of state to invest.1) Your investment objectives.2) Amount of capital you have available.3) Your desire & willingness to be involved, in day to day, hands on investing & management.4) The time you have available to devote to investing & management.5) Experience & ability to establish & maintain systems for oversight of your investments.If it is tough for you to find a good deal within a 2 or 3 hr. radius, it may not necessarily be geography that's problem, it may be the deal finding strategy that needs some fine tuning.

Objectively, the "exact" comp does not have the curb appeal, has not been updated, and is on the Main Street into the neighborhood.In addition, I found out today that there is a serious backup offer on the table.

Would like to hear some feed back on this.For SFH's I go with the 1% rule to start, if you can get 1% of the purchase price in rent then definitely look into the deal further.For me now, my bottom line is will it meet my personal cash flow objectives after PITI, property management, vacancy\maint reserves.I know this sounds redundant and kind of basic "duh!"

Hopefully your lender won't object.

Write down what "stands wrong" means in an objective way.