I understand I might not get that lucky but unless the house is in the worst neighborhood ever should I concentrate on the right flip for me and not worry if it's not located in my target zip code OK Christi great question.. and here is going to be your challenge.. how are you going to source this cosmetic flip.. wholesalers ( rampant in those markets) or off of MLS or are you going to direct mail or drive for dollars.. or get on a site like auction.com or go to the sheriffs sale. ( which will require cash up front then refi through DHM) I think your challenge will be finding something that only needs cosmetics at a LTV that DHM will actually fund 100%  is suspect they use their own appraisals or valuations and if I was them I would be uber conservative.. out of area lenders are usually very conservative on values. 

Be good for a lawyer that all parties agree on to handle. 

My husband and i (through our LLC) are under contract on a Beachfront lot in the pan handle of Florida.

She left it locked and changed the deadbolt and door handle locks.

We handle this way:  leases have a strict zero tolerance clause for drug and domestic violence issues. 

I like your challenge to get the reno done for under $20k.

We are starting to look in some lower income areas and are wanting someone to handle potential problems.

Person responsibilities will be to handle all calls, collect and deposit rents. 

Now, that Sean is in receipt of the closing funds, responses take 24 hours...Before experiencing this very unprofessional way of handling business - I knew there wouldn't be a second time at bat with Sean and this company given the persuasion of becoming the buyer instead of the lender, and the 3% monthly management fee outlined in the JV agreement.

Pulling off a simple yet fast bathroom remodel handled remotely by locals is already an ambitious undertaking.