Just go a few steps up in quality... you’ll still cash flow on paper and even more in real life because you can’t put a price on quality, sane, and consistent tenants.

This is when I started to work backwards and create actionable steps to progress toward my path to achievement.

@lou @Lou LaMedica I agree on out of state - once you take the first step the riskiness seems to abide. 

We are taking a step back on this property for the moment because the numbers just do not appear to work, especially with the needed features that would need to be added to get it up to its full potential.

This is just a step to ensure you are being extra safeBasically, you can still do both in any market, but you have to be more accurate with your numbers when the market is shifting or nearing a shift. 

I see there are many steps to this. 

So get the ARV first after I take a walk threw the home and assess everything , It will pretty much be step by step process.So let me get back with you and give more detail after I get everything crunch and then with a strategy.

And to piggy back on @Rip Rittell's comment, this coming Tuesday will be one of the best topics and speakers you could ask for pertaining to this topic because one of our top local, investor-specialized title attorneys is speaking on lease purchase, owner finance and bond for deed, which are all strategies that can be used to facilitate step 1, the "B" in BRRRR with very little to even zero of your own money down to acquire the property.

Then, just have your broker review every document that is produced and give you advice at every step of the transaction, and pay your broker yourself.

I think you've taken the right step in building your real estate network.