If your numbers work out and you know how much you can bid to still make it work for you than yoi should always be ok with loosing out sometimes.

@Scott KrauseYou always have some more optimization of expenses and the benefit of area expertise buying locally, but if your area is very expensive like NYC then your cash flow likely will not work out (though I'm sure you can invest more for appreciation there).Investing out of state you have to put a lot of trust in others and you obviously have to pay for their help.

If you had discovered the damage prior to purchase, you could have made the Seller and Tenants work out repairs and then purchased the property after renovation.

I've learned about house hacking, using equity to purchase rental property, requirements with different loan types... but how did it work out for you?

If the numbers work out, I seem to make sense.

If you pitch it right, many avid bankers would be willing to work out a customized mortgage offer for you! 

I am willing to pay you or work out some deal that could benefit us both but I know the value of an experienced mentor and I simply want to learn.

I am familiar with the market so knew from the beginning that the numbers would work out.

Now is the time and I have the cash in the bank but do my limited self employment income have yet to get approved for any financing options that make sense for any deal to work out. 

I'm just wondering, how exactly do you work out how much you need to save monthly on your Capital Expenditures without viewing the property in person when you are trying to analyse a deal?