Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷‍♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?

HELP!!

Ive done this several times for OUT of state investors....let me know and i can help

I'd recommend looking for partners to help fund the difference, from the lending side our hands would be tied.

For anyone who started out on Biggerpockets and still doing real estate, how has BiggerPockets helped you? 

Let me know how I can help!

Many times, this approach has helped us avoid having to follow through with the eviction altogether because they will pay when they start receiving the required notices.Consistently sticking to the process also helps save time and energy by reducing the need to address delinquent payments on a case-by-case basis and lets the residents know what they can expect if they do not pay on time.Best of luck, and I hope this situation improves soon!

The second time all my acquisition costs I got back at closing..It comes down to the deal and how your partnership is structured..Hope this helps

Thanks in advance for your help!

I want to be a full time investor in real state and being an architect really helps in the rehab process How did you find this deal and how did you negotiate it?