Also, I only buy in areas with potential price appreciation in the future.

My biggest question is how do you evaluate each potential buy and how do you determine the max amount that you are willing to pay with site unseen?

Your network is the most important piece for any potential returns when you invest out of state.Hope all of that makes sense.

So I've found a regional vacation market, the Poconos, that seems like it has properties in my price and potentially sufficient cash-on-cash returns to be worthwhile.

You could potentially sell the property furnished to someone looking for a vacation home or STR like yourself, that may help recoup some of your costs.

Hi,Semi-novice investor here...I wanted to ask if there was anyone in here that leverages the BRRRR method and would be willing to sort of walk me through how to run the numbers on potential properties using the BRRRR and/or the rental property calculator.

This community is a great place to connect with potential partners, mentors, and learn more about funding options.

So, the profit is taxed as ordinary income, including self-employment tax.Hope that helps. 

The hassle of it all - directly communicating with and qualifying potential buyers, constantly scheduling showings, understanding the paperwork, contracts, contingencies, and timelines.....all cause some sellers to give up on selling it themselves.

You could use a 1031 to avoid that, but then you have the 1031 fees which would also eat in to your potential profits.