Hi guys,I'm looking into a first home purchase in the next few months and owning out of state rental properties using funds from overseas.

Also, Is it bad for the seller to be there?

Act as a RE agent that you are.. get a buyer if its a great deal that would not be hard.. sell it to them make your commish then get the list back  rinse repeat about 20 times a year and make your self a few hundred grand with NO MOney out of your pocket other than normal business expenses anyone would have when you have your own business that provides you a 6 figure income.on the credit side I don't think folks realize how devastating it is to let your credit slide.. at least when you then want to get credit.. if there is anything for younger up and coming folks to hone in on is the disability you place yourself in when you cannot manage your personal credit and you let it get bad.

I'm not actually sure) could end very badly for you, and it would be incredibly difficult to find people willing to provide the cash anyway.As far as the private money for the renovations, it really just depends.

Hey,  compared to what is out there nationwide ( many burned out cities with bad weather)  this looks very attractive.

I have a bad feeling about it already because I have no intention of doing constant follow up to get someone to send me deals, etc. 

Hey guys!

@Robert Gunther It will depend on the condition of the property overall and how bad the foundation issue is.

I personally scrubbed each lead on my list because I didn't want to waste any money on properties I wouldn't be interested in (i.e, the property is in a bad area of town, near train tracks, etc.).  

Let's make sure to stay in contact here on bigger pockets, I'd love to see any advancement on your guys part, as well as share any info we can for you in return.