Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new cabinets, new shower, new windows, replaced the flooring, and new doors.

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new cabinets, new shower, new windows, replaced the flooring, and new doors.

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new shower, and new windows.

Real estate tends to appreciate depending on the area, depending on local demand levels.

The units were rented near market levels, but could be increased with minimal difficulty.

I start to look at different factors such as property tax rate, crime levels, rental rates, commute to work, whether the area is land lord friendly or renter friendly etc.

I am not sure how much money you have for a down payment or what type of loan you qualify for, but leaving cash in a deal isn't the end of the world if the numbers are right.The high level numbers look good.

@Trevor Stone You're exactly right, the my teammates and I spent together not only brought us closer but allowed us to perform at a higher level because we trusted each other. 

The type will depending on your entity setup, familiarity with accounting, interest level, etc.

@Gary Wildey There are numerous factors, and a huge one I would echo is what @Michael Dumler mentioned: if you don't have a team in ANY market (whether in market or OOS), it can add another level of difficult to your investment.