I recently purchased an out of state property through an online auction (foreclosure) and was informed that there was a vacate sign as well as a hazard sign on the property.

one thing I find in our markets is the larger multi family new developments just don't pop up one day.they are 3 to 4 years in the making and its a little like stopping a cruise ship once it gets going .so what we are working on today in planning and permitting we wont built for another 2 years or so.whats coming on line today folks bought and started in 2015 and 2016.. so that can lead to over supply for sure in the rental realm. 

It has since climbed to $4,000 - $5,000 per month in STR rents and we decided to keep in online as STR through the summer of 2019 to see how it does.We've only been doing the STR's for about 9 months but have earned Superhost status and have about 40 5-star reviews, so that is helping to drive interest.

I feel confident in most aspects of deal-analysis, except for understanding repair costs, especially when looking at online pictures from afar, so this is the area I'm feeling a bit stuck before truly engaging in any kind of offer-making.Thank you to any experienced long-distance BRRRR investors that are willing to share some wisdom with a newbie like myself!

Then, learn the ins and outs of Podio-- an online CRM.

If you are at all unsure - and it sounds like you are - either find an experienced landlord closer to you who can walk you through the process or call around and find an attorney who can help.

The system itself, be it the team members with the guru and/or an online sales funnel, is doing the work for them. 

All at same exact dollar amount and even a copy of the outgoing check.Then I had to write another letter explaining why I had a 10k withdraw and what it was for..... even though it was covered.Then they found my 5/mo withdraw for ING direct (online savings)... had to write another letter explaining it was a savings account and why I didn't send them staments.

Assuming permit ready doesn't mean approved, you'd need to look at that timeline and then construction time line.... big projects take time to come on line.

Now, I'm enrolled in online courses so the tuition is much less.