Opportunity costs are real, glad you took full advantage of the equity at your disposal.

I think the due diligence fee falls squarely in the category of "stuff buyers do in a HOT market when they desperately want a deal and simply don't know any better!"

Investors with the ability and confidence to walk into a property and accurately estimate rehab costs have a huge advantage in this market, but it looks like inspections periods are becoming deal killers – at least in hot markets.Are inspection periods killing deals in your area?

To me, the biggest advantage for OOS investors is having somebody local to quickly access the property for inspections, showings, etc. 

Supply is low at the moment so being quick has advantage.

i couldn't find any agents on BP close to the town, and we live in northern New England so its not exactly a day trip to go see it, although we can fly standby on any airline (a benefit we plan to use to our full advantage in this new venture). so this would be a long-distance investment... i guess i should call some local lenders, property managers and agents to see what they think?

So I wonder if there is some 'hidden advantage' like that, to booking.com.

I was wondering what option would be more valuable for the res-sale of the home.Option 1: Take advantage of the long driveway and convert the two-car garage into a studio or 1bed 1 bath space. orOption 2: Keep the two car garage.I also considered finalizing the permits for the ADU space (since I will already by waiting on permits for the main home) and leaving it as a blank "ADU ready" with adequate structural, plumbing and electrical for the future buyer to complete if they wish.Thank you everyone for your opinions and I look forward to being a part of the BP community!

This is one of the advantages of investing in a syndication you do not get vs. investing in a stock market or REIT.Vet the integrity of the sponsor and their team.What charitable organizations is the GP team involved in?

It's not a complete killer, but it does impact returns.. so there's one big advantage!