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!

Going to be branching out to social media platforms soon to answer questions and share tips and our mistakes/lessons learned everyday!

I was wondering on what anyone else's experience was like investing in one bedroom apartments and any tips would also be super helpful.

What are your best tips, tricks, things to remember or things you wish you knew?

Fantastic quick tip.

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.