I have not spoken to the owner yet (but will) but my friend also said that the property has had full vacancy for over 3 years (mostly elderly people), Utilities are metered individually, refrigerator, gas range, washer/dryer hookup in each unit.

Once you establish a good relationship with these people, you rarely have to be local to own properties.

If I got new PCS orders, I'd probably try to rent the house out at that time, as I would have hopefully already established a positive cash-flow at competitive rents when I purchased.Brian,I see your point about being more clear in my reasoning for using an LLC.

They could wholesale it for 5k and their funds would be utilized for 3 days.5k profit / 154k total investment = 3.2%365/3 * 3.2% = 389%If you could retail it for 30k after 3 months.30k profit / 175k total investment = 17.1%365/90 * 17.1% = 69%Earning a consistent 389% return would mean your money is "perfectly" deployed.

Also some the utilities data.

Then upon ratification, establish the LLC?

By doing a transaction you establish a value.

Established social media channels everywhere that made sense.4.

There was water damage and the carpet was removed and mildew on the walls so the bottom portion of two walls was also removed.Since there is no closet and window it can only be utilized as storage.

I'm curious how different people analyze and budget repairs to HVAC, electrical and plumbing systems in bank owned homes where the utilities are turned off?