First, unless he runs a title company, has done a thorough title search, and can provide you with a title prelim that leads to proper insurance, your wholesaler is an uncaring idiot.

Remember to thoroughly research the local rental markets, tourism patterns, and property regulations in these areas before making any decisions.

Do a thorough job screening tenants and time lease lengths accordingly.

@Brian Burke very thorough.

Here are several steps to help avoid a negative cash flow when investing in rental property:Research the rental market: Look for properties in areas with high demand for rental properties, to help ensure steady rental income.Conduct a thorough cost analysis: Estimate the expenses associated with owning and managing the property, including mortgage payments, property taxes, insurance, and maintenance costs.Calculate the potential rental income: Determine the expected monthly rent for the property and compare it to the estimated expenses to ensure a positive cash flow.Consider property management: Hiring a professional property management company can help you collect rent, maintain the property, and handle any tenant-related issues, all of which can help avoid a negative cash flow.Stay diversified: Investing in multiple properties can help spread out your expenses and reduce the impact of a vacancy or unexpected expense on your overall cash flow.Monitor and adjust: Regularly review the performance of your rental property to ensure you're maintaining a positive cash flow, and make changes as necessary to maintain profitability.

.* Conduct thorough due diligence, including property inspections, title searches, and market analysis.* Leverage technology to remotely view properties, communicate with professionals, and manage your investment.* Consider investing in turnkey properties that are already fully renovated and have reliable tenants.* Be prepared for unexpected events and have contingency plans in place for emergencies or unforeseen circumstances.* Stay up-to-date with local laws and regulations regarding real estate investment and landlord-tenant relationships.You can successfully invest in real estate long distance and build a profitable portfolio of properties.

After that i go to both rabuu and airdna and thoroughly research the property and the area. 

Be sure to do thorough due diligence to make sure you understand that rates and price into your underwriting the escalation of taxable value/taxes with appreciation. 

Just make sure you thoroughly analyze each property separately and include buckets for vacancy, CapEx, repairs, and property management.

To accurately analyze these deals you need a thorough Excel model to do it.