Real estate is money intensive.

Hey @Kyle Pierce I would be interested in learning more about the Utah market as well; Should something work out I plan on investing from out-of-state, so would need to build my team as well (GC, Realtor, Attorney, PM, etc.).

Ya Know Olivia instead of doing what your doing.. why don't you simply get a real estate license and immerse yourself in the profession.. you can go to work with a commercial brokerage if its income property your interested in.Other wise if your simply looking to buy a home or duplex to live in.. find a good realtor and go buy one.Foreclosures are cash intensive and carry a ton of risk for someone who cant afford to lose some money.. or it will set them back to lose money.I used to buy foreclosures for a living and I still fund them in a few states for VERY experienced operators. the other thing to do is get on Auction.com  they handle a ton of the OREO for banks..

It's very intense and I can see how a newbie can get caught up in all the excitement. 

It will take some capital, some strategies are more capital intensive than others but all strategies require capital of some kind.

Or is it enough to work out the QI and details before closing?

I have also had seller financing work out so that we could afford to do the renovation for six months or more, and then refinanced out of the seller financing.  

Therefore it actually IS time-intensive, and takes frequent changing of prices/ scanning the market for comparables/ analyzing supply&demand, etc. to optimize the occupancy/pricing mix, not to mention a bunch of other small strategies to maximize profits (I can run you through a couple if interested). 

Maybe you can work out a seller financing deal.  

Should work out well, we don't need to do anything to it, so once we close we'll just throw it up on the MLS the next day.