If a flip went totally south - would you be OK?

I currently live in Boardman, just a few blocks south of Youngstown City.

We sell a lot in Kyle/Buda and I live on the south side of Austin close to there.

It's very much like the south in that way, you can get $70k dump, $50k dump, $300k decent and $1.7m wow.....

Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷‍♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?

In, say, Indiana, Kentucky, Ohio, and Illinois--more states than that, actually basically the entire Midwest and South--this is relatively easy to achieve.

I agree there are ways to reduce condo risk but it is dangerous in south FL right now.

I'm down south for the winter, but will be looking to put it together when I get back.  

The few that do, Florida because net listings are legal there, and South Carolina which made it a licensed brokerage activity. 

I am a build to rent investor expanding my business into the south Florida market.