The location is not one of the good areas (64130) so it is relatively cheap.

Our house has not appreciated much since October 2022, and homes are moving very slowly in our area with frequent price cuts.

The housing authority also has to approve the monthly rent for the area, this can be constricting if you are leading on comparable market rents when looking to increase rents on renewal.

There are a few different options you can look for in this case.

@Alicia Marks My wife & I invest in a HCoL area in WA state. 

I am a new investor and have been exploring deals in a few markets outside my area for the past month and a half.

Lender will want title insurance but that is paid at closing.If there is another insurance like “loan insurance” where they say they guarantee you get the money as they are a broker it’s a scam.

Or a local RE agent in your area?

I personally am located and invest in the Colorado Springs metro area and would advise that you may not find many BRRRR opportunities on-market and will have to do some work to find these deals off-market. 

I run a BP investor focused meetup for the Wilmington area - we meet on the First Tuesday of every month at Mad Mole Brewing.