I'm new the real estate game but have had success in several flips in my area (Ann Arbor, MI).  I have a potential opportunity out of state for the first time.  I'm looking for advice from those who have managed a remote flip and to potentially get some insight into the Beaverton/Portland, OR market for those out there.  I wouldn't be adverse to wholesaling the property as well.

Here are some of the specifics on the property.

  • Location: Beaverton, OR - 10-15 mins from downtown Portland. Very Close to the Nike headquarters.
  • 4bd/2.5ba, 1950 sqft.  Built in 1963. Split level.
  • Everything is dated.  Hardwood floors under the carpet.
  • New roof. 
  • Needs new furnace and A/C.
  • Kitchen/baths paint need to be redone.

Questions

  • Currently looking at a purchase price of $360,000
  • Is an ARV of 430-450 reasonable for that area?
  • Advice on out-of-state flipping?
  • Ballpark costs on reno?

Thoughts/Advice suggestions?