If you cringe even a little at this thought, you probably need to keep looking.Is there off street parking?

*Most* of the time it is better to start off investing someplace you know intimately than picking cities out of a hat based on statistics you read on a screen. 

That means if you've got a manager that charges you $100 to make one-off visits to change a light switch cover, authorizes repairs beyond what your contract says, and so on, you need to be cognizant of perhaps finding another manager.The whole beauty of having a PM is not having to do it yourself.

I don't remember the distant requirement mentioned though off hand.

you can pull the trigger on the project by getting a construction loan that will refinance that will pay off the seller financing and provide 100% of the construction costs .

Try this out: underwriting standards. https://docs.google.com/document/d/1Tk9Uxt7Q0_HJV8KL7F_GBm13...Consider seasonality, off season vs. in season. etc.

Lastly, most people I see underwriting deals, and even those on the podcasts (assuming they are the majority with only 2-5 yrs of experience owning rentals) are likely to realize their 5% maintenance and 5% capex reserves are less than one bad tenant away from being way off.  

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Think of the first property as the practice period and the BRRRR as the real game day where your practice will pay off. 

You can try reaching out to local real estate agents as they often have access to off-market properties.