Managing our current house from afar, if we do relocate, doesn't really concern me because we have friends who could do repairs on an as needed basis, and the house is relatively trouble-free.

From there, I think your concern is going to be with who is managing the company.

To do so, I suggest using the tried and true method of interviewing.Going to an office and speaking with the Brokers or Office managers can tell you alot about the agents that work for them.You can also ask other investors in your area to recommend someone.

* Know the rules concerning pets if you plan to have any

Scott,There are some other methods that you can use to flip without getting a loan.

I once listed a property for sale and was concerned as to whether or not is was condemned.

i mean, what could possibly be holding this up - the title company is supposedly processing the paperwork....and if "something" is holding it up...should i be overly concerned?

Also, one thing that somewhat concerns me is that I'm trying to find average rental price for the building but I can't seem to find much except this one ad for a studio that shows up everywhere (on all the rental sites).

With current market prices for Hotel Accomodation, assuming they paid cash for their units, rental ROI's could go as high 16%-18% per Annum and better yet, as most hotel clients pay their bills using major US Credit Cards, the overseas investors are going to receive their rentals in US Dollars avoiding any concerns over fluctuating exchange rates !

What is the proper method to analyze this situation.