The home was built with quality materials and has lovely,high end finishes (which  is expected in this price point).

There is variation in the quality and consistency of inspectors, as with any large operation.

If you want the work to be quality, then there are better actual small single-man operations that are cost effective, but a bit more $.

Assuming this is a C or D area based on cost of this multi.3) Quality of tenant and the issues that come with those types of tenants.

I just have to be a contrarian here @Caleb Heimsoth  as Caleb states I cannot think of anything risker than remote rehab for beginners.. keep in mind the author is a very experienced real estate professional and what works for him simply is not germane for beginners I know they want to sell books on this site.. but I fear there is going to be some really sad people that try to do this and simply don't know what they don't know.. all to just save 5 to 10k  extra that a flipper that does all the work and takes all the risk makes bringing you a finished product.. you can lose 10 to 20k in a heart beat doing this if not more.. 

That kind of domination will help you be more profitable/productive at what you do. 

Who cares about the interest rate if you can find a loan product with a fixed rate that allows you to cash flow?

@Adam Widder, It is true that property that qualifies for 1031 is property that you have the intent of holding for productive investment use. 

I personally didn't like it because you have to do everything yourself everyday - go buy all the products in Costco or other huge stores, looking for discounts and promotions to get a better price (because most of the profit in vending comes from a very cheap prices when you buy bulk).

Replacement Cost: The cost to rebuild the structure with the same kind and quality at the time of loss2.