I do deals this way sometimes.You could also do a simple preferred return of 7-10% depending on the investor.

My preferred option would be to keep the property as a rental because it cash flows after expenses at around $300 per month.

It works for me or this is easy money have absolutely nothing to do with someone in a different Market with no experience. sorry, but I prefer to take the side of you better know what you're getting into for yourself, not trust people you don't know to make your decisionsOriginally posted by @Lucas Carl:@Gaurav Mehta I’m not in San Jose or whenever @ken latchers is having such a hard time but where I am it’s easy as pie and I live nowhere near my properties.

Some contractors are better suited to lower end properties and rehabs while I prefer extensive projects and a higher tier of renovation than most flippers.

BTW, it seems that it's no longer happening.In case where tenants have their own, they prefer it as they consider it cleaner and not contaminated.As to the issue of damages to the property, I owned a number of triplexes, and have to handle moves.

Unless it's a niche unit or population you're wanting to rent to, don't furnish it.Awesome to hear you're using your VA benefits to do this!

I live in Norman OK, but interested in setting up long distance possibilities in Tulsa, preferably buy-and-hold.

While I prefer coastal cities such as the ones you mentioned, I was also considering Cuenca and Guayaquil as well since they appear to be pretty popular cities to live in and tourism.

I'm looking for cashflow, open to fixing but preferably turnkey.

I specialized in multifamily properties, this has proven a rewarding niche because I mostly buy from investors that (the majority of the time) already have a property manager in place.