There is a lot in my neighborhood that had a house that burned down in 2007.

I have several people that bring deals to me and I engineer the best win / win deal to make it happen.

My hope is to build a local team that can purchase, rehab, and sell properties that my remote marketing engine finds.

If you dont properly vet your team you can get burned quickly and badly!

You're gonna get burned very bad if you don't properly educate yourself and you will lose money..."

Apparently he lost a property in the mid 80's, while he was  holding a 2nd and he doesn't want to get burned again.  

The seller is motivated (burned out landlord), just not sure yet how motivated.

@Sunny Burns would the bank be will to negotiate a credit for any of the repairs?

Depends on a lot of factors - experience, support, knowledge of the area, finances (specifically reserves) and support again.I have witnessed -people do well and get burned investing outside of their area.

My dad was talking to some engineering recruiters and they said he's been out of the industry too long for it to be possible to come back.My point of this thread was to introduce myself, get my approach to the situation validated (at the very least start the education here), and get some ideas.