I'll be consulting a lawyer soon, but wanted to put this out there for any initial feedback.

I live in Los Angeles, CA but the contractor would be on the ground and onsite for the first year, with me moving back home in 2020.My beginning steps was the Detroit market - after a year of research only this past Monday did all conversations lead to Atlanta.Any and all answers, suggestions, and advice is greatly appreciated, as this is my very venture into anything real estate.From what I vaguely know of Riverdale - make that your very last option as crime and lack of job growth was not too positive as of late 2017...only my one cent.Most excellent luck to you in bringing my birth city to life!

In conclusion, I'm re-reading all the ways we've side-stepped doing RUBS. 

To break through this initial struggle, stay positive and rely on that network of contacts you have been building.Look for Multiple Streams of IncomeNew investors generally want to be in the rehab world.

Would you say the first step before finding any deal or even researching how to find a deal is speaking with a CPA and Attorney to get everything structured correctly?

People post when a deal they've submitted initially looked profitable but they don't know how to put together a realistic and reasonable scope of work for the rehab and we tell them we need that in place before we will even send evaluators out to look at the property.

I like using 10% for my initial analysis until I have the property inspected. 

Typically, the attention is on the initial transfer of funds and the Central banks have every right to inquire about it. 

I have never done direct mail before so I’m not positive on the steps to take besides where I want to send it and what good areas are.Thanks in advance!

@Monisha Nabar One model to consider is the passive investor who brings the money gets all of the net rental cash flow until their initial capital is returned and then the split goes to 50/50 for remaining cash flow and sales proceeds