At the time, just about everything was going for much higher price per square foot and with multiple offers.

I am a long-term investor with a buy and hold property in Brooklyn, NY and I also own multiple lands in Florida and Mississippi.

Buying site unseen is a huge risk unless the buyer and wholesaler have a history doing deals together.My buyers trust the deals that I bring them, but I also provide them with in-depth inspection reports along with photos/videos of the inspection along with multiple cost to completes through multiple contractors.

Consistent action is the name of the game when it comes to achieving success. 

The further you get into the deal the more skin in the game you end up having so it just makes sure you see the project through so you recoup the time and cash invested. 

Just this month, I’ve gotten under contract for my clients for multiple 20%+ cash on cash rental properties so there’s definitely tons of opportunity here.

I have also seen appraisers recognize that multiple ADUs by rule does not qualify for conventional F/f financing.  

A solid property management team (or maybe multiple PMs if your portfolio is large enough) is a must for out of state investing.

You can often get better rates with a national lender, but the customer service is non-existent, communication probably sucks, they may ask for the same documents multiple times, etc.

But, this house went under contract in 3 days for $20k over ask, with multiple competing offers, in an area where the average days on the market for newly renovated flips is 100+ days!