I have been investing out of state since 2012, and I would highly advise that whatever market you end up selecting to start your REI, that you visit that market, meet the team behind the properties, and see what kind of rehab work and neighborhoods they are working in. 

Maybe you start taking shortcuts (possible doing illegal things, or shady business practices).

Anyway, got a call this morning that they were back over there and she wants us to stop all work and she would like to buy it from us as is. 

He had to pick up about 50 in a single year in order to make the numbers work and build his own property management company with himself as the sole customer.

I'm willing to clean, work and do whatever it takes to bring value to that investor/investors to become one myself.

It’s just hard work and determination.

Some days I do marketing, some days I do rehab work. And

It's pretty much rent ready from what I can tell-maybe some minimal work and they are asking $29K.

I contacted the lender, and they said "Per Investor guidelines, we must use the appraised value or sales price of the home from closing (whichever is lower)" - so naturally the sales price of the home was much lower because it needed work and is at only 87% LTV based on that original number 5 years ago.

So how are we supposed to do repairs for a sale when tenants want 24 hours notice and are not cooperating.We have a timeframe to get them done and repairs required need her to make room and move possession.Termite damage and repair, electrical work and install baseboard heaters.Her possessions are blocking all access.