In this business, especially when you are new, it is important to surround yourself with people who have your best interests in mind because in the real estate investing space it is very easy for an experienced listing agent or seller to take advantage of a new investor without representation during a transaction.

Would love to get some insight from experienced real estate investors. 

Out of state Investing is always a much more involved venture, but it's certainly not out of possibility as long as you are fully educated in that market, have analyzed several properties, have visited or if unable to personally visit have a real estate professional that can tour and offer you an unbiased opinion, have your financial resources in check and have a good team of people in place there, especially when you can't be.

@Brian Ortins are you managing yourself or have a team working in Leominster for you?

So, make sure you have a team (property management company at least), investment criteria (i.e., how many units, asset type, age, price, market, etc.), and an idea of how you will fund a deal before making contact.

I believe it’s essential to have a great contractor on your team as real estate investors.

I established a team at location and would like to bounce my numbers off the BP community and would like to know if I am leaving anything out.PURCHASE PRICE: $195,000PURCHASE CLOSING COSTS $3,000ESTIMATED REPAIRS $50,000TOTAL PROJECT COSTS $248,000AFTER REPAIR VALUE $373,968DOWN PAYMENT $19,500LOAN AMOUNT $225,000LOAN POINTS 2%AMORTIZED OVER 1YRLOAN INTEREST RATE 12%NEEDED FOR CLOSING $25,000/ r

I've assembled the team, lined up the capital, now what?

Which team members should be close to my investment property and which ones should be close to me?

Also starting on a team is a good way to keep your self in beans while your building up your business.