With today’s technology it’s certainly  possible to manage an OoS property (and many investors do).  

Quote from @Brad Roche: The other thing that is great for the FHA 203K loan (not sure about the Homestyle loan) is that you can kick the payments out to 6 months of ownership (so close today and make your first payment July 12th 2025) if you are fixing up the home.

Tone, pace and the exact words matter.

Rundown and distressed properties sell just as fast on the MLS as they do off-market nowadays!

My sacrifice… no haircuts and no fast food. 1 job full time, 1 full time side hustle. 0 debt at the time other than student loans.

If that's the case, you should be able to rate/term refinance at ~75% LTV with a DSCR loan, and with some interest-only basis, your payment will go to ~$850 (based on ROUGH pricing TODAY).

This will be costly in today's market and interest rates, but might be worth a shot if they can afford to stay.If they don't want to stay and you want the the townhome to rent to someone else and just want to assume the loan, well then she can call the lender and see if the loan is assumable. 

Some of their staff that I worked with actually managing my houses and doing the day to day work were fantastic.

I'd love to chat and see what's possible in today's market.

:Just found this thread here today and created an account to post.