On the disclosure form, the seller had indicated “no” to any known damages.

No reason for me to go the through the hassle of the sale process unless there is some type of gain which the investor is open to and this is where I need the advice.

For me to build I would want to see recent comps of sales for the finished project you are planning. 

My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?

I'm thinking the agent/broker would find the deals for me and the property manager would deal with tenants and their requests.

Out-of-state investing makes the most sense for me—it’s impossible to cash flow anywhere near me, and moving wouldn’t make sense because I wouldn’t be able to earn the same wages or find the same kind of jobs.Before this purchase, I already owned two properties: a long-term rental outside Houston, Texas, and a short-term rental in the Sierras in California.

@Andy Nathan Thanks for your input, I will have to look into what goes into forming an LLC with an equal 50-50 partnership. 

I like to think I have done ok. for me finding properties is sales - managing real estate and growing your company requires problem solving. 

Thus, purchasing an app/program that provides thousands of buyers might look impressive, but maybe not for me at this point, but would be something possibly to tap into if I go virtual wholesale?? 

It's not for me and I'll have a decent amount of cash to work around from allow me not to do that but for most people it makes complete sense.