I am considering purchasing my first rental property (early stages) outside of my home location and would love to connect with people who are experienced in long-distance rental property investing.

In this market, many properties that are listed and not prepped, priced and marketed correctly are sitting for a long time, and ultimately earning the seller much less than if they'd selected an agent based on the value they bring in terms of pricing strategy, staging strategy (repairs, etc) and marketing strategy.

This includes around 10k for all of the furnishings and an extra 2k for staging and other miscellaneous items.

Unless something comes up at the inspection or appraisal stage, the price in the offer stands.

epending what stage in the process you are in you have a couple options, typically the seller will provide a rent roll at a minimum during the initial stages, we typically ask for a rolling 12 (covers the last 12 months and states what they owed, what they paid and what the balance is or was)  This is usually a document they produce in an excel type format.Once you get to the due diligence phase we ask for tax returns and or bank statements showing the deposits to verify that the rent roll is accurate and that what they are telling us lines up with what they are telling the government. 

Purchase price: $215,000 Cash invested: $35,000 Sale price: $385,000 Original 1970s 3/2 single level block home in great location near PV Mall, which is in the beginning stages of redevelopment.

Appreciate it I’m still in the very early stage of figuring out my goals.

I would say, as you are still young and in the learning stage, try to absorb as much as possible.

I am in the early stages of the process to invest in Whistler, BC.

Much obliged for replying and giving me lots to think about.While I still love the idea of newbuilds, I will keep things simple in this early stage of my investing.