A couple more things to consider as you do this, and I've overseen 100+ apartment units renovation that we've owned and managed so I have some experience in this. - If you're already tearing out the cabinets, maybe see how much more it would be to re-pipe the water lines or re-place exposed sewer lines.

I dont know your market but EVERY broker in the world will over promise upside rent and poorly managed (inflated) expenses. do your own DD on both of them and come up with your own pro-forma to evaluate.

So I will have to go about calling property managers and real estate agents to get a better idea.Now, everytime I watch a video, listen to podcast, read an article, look at instagram, etc. different cities attract my attention, and I can't seem to decide where to focus on.

(There's nothing passive about managing the rehab!)

More of our investor buyers have expanded their portfolio to OKC. 

Property Management: Consider hiring a property manager if you’re investing out of state.

Hi Diana,I know how tough it can be to manage remote real estate investments.

I am the buyers agent, and I project managed the rehab.

My partner and I have many years of experience owning and operating hotels in this market and are approved by Marriott to manage this project.

Too many landlords think that lease agreements are not important enough to have an experienced landlord and property management attorney prepare.