I used to be a credit manager and go around the country picking them up from major customers.Here is a sample of what one looks like: Personal guarantyIt ranges from a limited and conditional to unlimited and unconditional. 

@Redha Laafia  Perhaps pay a GC a fee to walk with you to give you quick thoughts about the property condition, major issues, and a guesstimate of overall pricing.  

This will help you in cash flowing later on and relieve you of major repairs later when you move and rent out (i.e. roof, etc.).

In answer to your question Dave, the warehouse is unnecessary as we do the majority of our work in Asia these days and the selling of the business may or may not happen but either way it would not be to the same entity.

At that point your return on investment drops significantly and it is extremely hard to recover the majority of your purchase price and rental expenses with the refi.So really, the BRRRR method enables investors to access cash flow in a hot Market when it usually wouldn't make sense.

The latter will allow you to hit the ground running once you decide to actively pursue properties which could be a major determining factor in landing a deal in an area you desire.

Like most new investors I have some major qualms about investing to far from home.

It sounds like a FT job to manage the property fixing things. 5% of 360 days(18 days/year) with major overhaul sounds low.

Not only that, but the unit needs major repairs and the tenant is not "quality tenant" material.

The majority flock to the turnkey markets as you are.