@Anthony Heatley, when you do any renovations, certainly major renos, you or your GC is supposed to get permits from the town to do the work.

Here are three major things I look for when picking an out of state to invest in. 1.

I completed major renovations a few months ago with premium finishes and was initially going to flip and priced it at the top of average comps, but once my appraisal came back about $55k higher than my listed price, I pulled it off the market and have been using it as an Airbnb ever since.

We are near the P83 district (about half a mile) so a lot of the revenue was coming from baseball tournaments and sporting events; come spring training time I think our rates could go up quite a bit.  

I'm certainly no expert with flips (yet) - I focused more on buy-and-hold multifamilies, but nothing in your report raises any major red flags.

@Russell Gronsky thanks for the heads up, and yeah I’ve seen information they provided on last major repairs and also there expenses throughout the year, and with me being conservative calculating those average expenses as well as the PITI I would have on the property I’d still have a cash flow of roughly 1,300 a month prior to the other units getting occupied.

If I were you I would start much smaller, with perhaps a 3-bedroom single-family home.When you discussed that option, you talked about turning a basement into an apartment for a tenant, which is usually a major renovation project that costs a lot of money.

He was telling me that he doesn't have any problems getting financing when properties are under an LLC because he is the majority shareholder in the LLC. 

We're not technically a rural market, but by no means a major metro like Atlanta.

You may want to try offering a Buyers home warranty so that the major issues in the property would be covered, foundation, appliances, water lines etc., for a mere $75 per event?