I have read on here that hiring a property manager for out of state rentals include the service of them collecting your rent for you.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

If commercial properties, you can seek loans from small local credit unions and banks that base it off of the debt service coverage ratio and regularly provide loans in the 7s.You can also seek commercial loans on residential properties as well.

Full income/documentationDSCR lenders will vary greatly, but 75% is pretty easy to do. 

I asked an agent about typical bank appraisals for similar properties, and they suggested values between $100,000 to $120,000, which seems unrealistic to me.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

It would help us to understand the attainability of your goal if you would mention how many flips you have under your belt already.Assuming you are experienced, then I'd say move forward, full speed ahead--you can do it.If you are inexperienced, I would respectfully suggest you change from a $$$-oriented goal to a ### of transactions goal.Why?

I'm an investor and agent in Sacramento.

-ARV - 500k-Purchase Price - 400k (needs full renovation set 50k) - Down Payment - 20%-1st Hard Money Loan - 250k interest only 3 year term -2nd - Hard Money Loan - 70k interest only (interest accrues to earlier of end of term/sale/refinance) -Rate TBD but assume around 10%Investor would get a discount on ARV and be cash flow positive during the holding period.

Full rehab-paint, flooring, granite countertops, added bathrooms What was the outcome?