Greetings all,We’ve all read methods on how to analyze a real estate deal, running numbers, estimating rehab costs, incorporating taxes, capital expenses, etc.

This likely would come close to the cost of a ground up 3/2 ADU addition which is rare.  

Unless the seller is willing to finance more of the property, you will likely have to put in 20% plus the rehab costs.

It also allows to finance the rehab cost into the purchase price.  

The idea that the very thing I enjoyed most could potentially make me financially free one day seemed to breathe life back into a confused, lost 16-year-old.For over a year, I continued to watch, listen, and read about real estate investing, as well as study to take my Michigan Real Estate License exam.

Also, probably I'd have to fly out to KC a few times until I buy the property to meet the team, potential properties, etc which will add to the costs (~$600-$800 each trip) of owning an OOS property.Given this market, I'd like to hear from OOS investors if they think it's still doable to pull off an purchase worth investing in.I don't want to talk myself out of it again and focus on the negatives but also, want to make a sound decision that benefits me in the long term and doesn't hurt [much] in the short term.

Just so you have a frame of reference the cost of a 1031 Exchange is typically around $1,200.

Top of my head:1) it doesn’t matter what prices you put in your lease, you can only charge them actual costs, I wouldn’t bother. 2) You’re removing all incentive for the tenant to clean up and take care of the property.

Evict them and eat the cost.

Abating the odor (tobacco and Marijuana) is costly and time consuming.