In fact, a lot of the advice seems to apply more to local investing (for instance, he recommends buying clearance inventory, but I know that what counts as excess/clearance inventory in one store location won't apply in another location in another state).Does anyone have experience buying and paying for materials remotely? 

and we rent the excess parking spots for all of the baseball games (80) home games @ $10 to $20 per parking spot and we have 50 parking spots available. and it's been 10 years, and we are in negotiation with a billboard company who want to rent one parking spot for $9,000 to $17,000 per year depending on the type of billboard. and they pay for the maintenance.

Four seems excessive for 10 people. 

Concerning Water Sub-meters: Older buildings typically do not have individual shut offs (individual shut offs allow water to just one apartment to be shut off) a/k/a non-segregated plumbing; When allowed by the regulatory agencies, (in nonsegregated plumbing) a meter is installed on the water supply to the hot water heater; The meter measures the amount hot water consumed, the tenant is billed for every 1 gallon measured (hot water) the tenant is also billed 2.75 gallons (cold not metered); This is called Ratio Billing.When ever possible full capture is more accurate and allows for better leak detection.Sub-metering for smaller properties: Usually a sub-metering service (Reading,Billing, and Collection a/k/a RBC) will require a minimum to service a property; Although a reasonable billing fee can be passed through to the tenant; Smaller properties say less than 5 units may not be economical.Regardless if you bill your tenants for W&S, installing sub-meters will allow the owner to personally monitor leaks, waste, and excessive usage (extra tenants not on the lease) by apartment.

For the purpose of this regulation, cooking facilities include any refrigerator in excess of seven cubic feet; any stovetop range that operates on 220 volt electric service; any appliance that operates on natural gas; or any cooktop, whether integrated into a countertop or a separate appliance, which contains more than two cooking surfaces or burners.

My ARV estimate is $250,000, Geico estimated ARV at $286,500$145,000 - Purchase price $10,000 - Wholesale fee AKA (my profit)$155,000 - Sale Price to a buy and hold Investor$250,000 - Comparables$2,000/mo - Estimated Rent (avg rent for 4 bed 2.5 bath homes are $1800 -$1900 unrenovated)$352.23/mo - Property Taxes$83.56/mo - Homeowners Insurance Quote Values house at $286500 ARV - Geico quoted me a price of $2929/yr - I thought that was excessively HIGH so I used a calculation I found to estimate home owners insurance ($286,500 (Geico estimated ARV) divided by 1000 times $3.50)$ 0.00 - All Utilities paid by Renter and responsible for cutting grass & snow removal, No HOA$100/mo - Vacancy$100/mo - CapEx$755.27/mo - Mortgage Payment 30yr fixed @ 4.17%$1491.06 - Total Monthly expenses$6107.28 - Total Annual Cash Flow$31,000 - 20% down payment$5,500 - Estimated Closing costs$45,000 - Repair Costs (Kitchen including new stainless appliances and granite counter tops cabinets and floor, 2.5 bathrooms full remodel, refinish hardwood floors, roof (30yr asphalt dimensional shingles , new windows, Paint inside and out, new Electrical Service Box, Flooring in kitchen, bathrooms, family room in basement. new High Efficiency HVAC, Light Landscaping.Cash on Cash Return 7.49%So what do you think?

Blah, blah, blah, legal description, terms of the security agreement.If the buyer fails to pay the underlying mortgage the seller can take it back.When a seller sells subject to, they can advance that underlying obligation to be assumed as a secured interest, in a wrap with excess equity you would include the original amount and combine the second amount or secure the first and file the second.This was just brought to my attention.So, how do you do it?

I wouldn't buy a townhouse because of the HOA - there's excessive fees as well as potentially issues with renting.

The number of STR their went up dramatically, absorbing the excess demand from Pigeon Forge, then the inventory (which also boomed) absorbed the demand and the market corrected.Its not doomsday, but the speed at which Sevierville boomed up created an apparent collapse when it was really just regressing toward its mean.

Escrows assumed at settlement are accounted for and credited to the buyer, from then on, there is no escrow due the original seller, I know there is guru crap to the contrary, escrows are checked annually and fed law requires escrows to be returned if they become excessive to % allowed, that overage goes to the new buyer.