As a company we help investors with: - Sourcing properties in areas that should appreciate, have lower vacancies, and higher room rates based on our data from current properties.- Starting properties from the ground up with our expertise in what is needed for a rental to last and run smoothly, from simple furnishing to complete remodels/renovations.- Running properties as the businesses they are meant to be.

Great company and local operation that does things right.Toledo is notorious for bad operators especially when it comes to contractors so the BRRR approach when investing out of state can end up in disaster.Just had a 1hr call with an investor that was going to purchase a property for cash and site unseen.A "reputable" realtor in town influenced him to buy without doing an inspection.Just by looking at the photo's, we could see a lot of problems with the property.Stay diligent and focus more on the people rather then the deals themselves.Much success 

It ended up being a great deal as the sellers divorced and needed money and accepted a small portion of the loan as payment in full.

Referrals are my ideal source, but sometimes people can be hesitant about sharing their best vendor with you for fear you'll steal their vendor's attention away from them. 

I hope people more familiar with your local market will be able to better assist you on that end. 

In reality what happens is you end up paying more for a "clean house" but because you are doing a flip people want new mechanicals (central air, 200 amp electric, pvc plumbing stack) so you end up doing a full gut or larger rehab then simple cosmetics and now your returns have shrunk.In your situation for your first investment I would be ok with a smaller return because of the experience gained, but for the next look for larger profit.

The whole remodel ended up taking about 2 years and we put in about 80K in remodel expenses and furniture.

Even though there is only a 6 month redemption period, the previous owner could potentially contest that the tax sale never should have taken place.

Because most wholesalers have never renovated a house themselves and have never learned how to properly comp a house.2.

You never know what that will cost until they do it.