One thing I wish I had asked before I submitted offers on out of state properties was have an experienced investor or unbiased party (not anyone on the agent's team) do a very detailed video tour of the property and pay them for their time.

I expect to offer to keep the rental rate the same based on the market, but know when I was a renter there was always an option to go month-to-month for a higher price. 

Marcus,If you are a Military member you should use a VA construction loan which offers 100% financing as well as a VA renovation loan which also offers 100% financing.

Do you offer buy downs?

It is extremely difficult -- bordering on practically impossible -- to use a 1031 exchange to move gains from the sale of one of your existing properties into a property that you already own. 

Have the tenant sign the docs and offer them 72 hours to make any additions to your move in inspection report. 

For example, with a strong DSCR and high credit your leverage can be greatly extended and your interest rate lowered to a point where it makes your offer price ability bump lift and yet still be profitable.

Hey Anais, I live on the Central Coast of CA and invest in Detroit.It has a ton going for it and it's been extremely good to me.

A mentor can help you avoid typical problems and offer advice, support, and insights as you negotiate your initial transactions.Assemble a trustworthy group of experts to support you during the wholesaling and subject-to transactions process, such as real estate brokers, lawyers, contractors, and bankers.Real estate investment may be difficult, and tenacity and determination are frequently necessary for success.

Our agent helped us write a very strong offer with an escalation clause.