So that delayed our progress a little in escrow, but it was quickly resolved.

If you go ahead and get a value add project how much trouble will tenants make and possibly delay your ability to perform.

This strategy has many advantages--one of the big advantages being you can use an owner occupant mortgage with excellent terms and a minimal downpayment.Good luck out there!

Get in the game with a minimal down payment, learn to be a good landlord, keep building up your capital, and then if you're serious about investing OOS identify the right market for you and build a team there.

Like you said--gotta roll with the punches.I just want to minimize the punches thrown :)

This allows you to directly manage transactions via the LLC and eliminates the paperwork, processing delays and per-transaction fees of the custodian.

The key is to be creative and strategic to minimize risks and optimize the cost of capital.

The other important point is the longer you delay selling, the less you will realize as prices continue to fall. 

Purchase price: $180,000 Great tulsa flip with minimal work to be done

But at a high level, I would say your best bet to minimize your monthly cash burn would be to rent each room that you can spare.