Once you know the reason(s), for the flooding, then you'll be able to figure out a solution.I'd also strongly suggest that you don't re-finish the basement until you've determined the cause of the flooding and fixed the problem (last thing you want is to re-finish the basement, and have it all ruined again by another flood).I'd suggest first watching some videos on youtube on flooding, drainage, groundwater, french drains, sump systems, water catchment systems, etc, just to give you a better understanding on what can cause flooding, and what types of fixes might work. 

Pro tip: units are always cheaper to delead when vacant because we don't have to deal with tenants belongings.I don't know what state you're in, but let me know if you have any questions, I'd be happy to answer them if I can.Good Luck,Derreck

You can go even a bit further into the "middle of nowhere" and find fantasic property but the area is growing and developing fast so wondering how far out to look within reason.If anyone has timing/location feedback or opinions, I'd love to hear it.ThanksMatt

I'd expect rates in the low to mid-teens depending on LTV and credit.

If it were me, I'd find a friend or family member with some cash, convince them that it is a good investment and say that you will manage it for them at market rate of 15-25% depending on your market.

Since you don't have an interest in calls/trainings, I'd look for companies with favorable splits.Berkshire Hathaway and Winzone are a couple of companies that come to mind.Also, my brokerage operates in every state and does not collect commissions on your personal deals. 

@Chris Farrugia, not sure if this is already part of your email newsletter but I'd throw in a monthly recap each month. i.e. first week of each month, send out an info graphic with Naples, FL highlights: # of homes sold, # of condos sold, avg and/or median sale prices for each, # of new listings, etc.We send this kind of information to our database and also share some comparisons.

This would be my first subto deal.Also, I'd appreciate any recommendations for title companies and transaction coordinators experienced with subto deals in Mississippi.Thanks!

Before you make any decision I'd recommend you read the 30-Day Stay book by Sarah Weaver and Zeona McIntyre to better understand the MTR niche.

And although it would take time for BRICS to dethrone the US dollar it's just a matter of time.