How can an OOS investor get in on this market and keep risks low and returns high?

Overall I’m more concerned with cash flow and returns than a cap rate but I want to make sure Im creating an accurate and somewhat conservative scenario.

@Zachary Sit, as a stand-alone deal, the numbers look good for a decent return.

With almost all classes of real estate (including commercial) trading at single digit returns---low single digits at that---it doesn't seem like there are very attractive options at this point.

Only one guy would return my call. 

How do you narrow the criteria down for highest return? 

I have found properties that have a net return anywhere between 7-12% and some that return 20-25%.

BRRRR Strategy Total Investment $252,500.00 ARV $300,000.00 Cash-out Refi Loan (75% ARV) $225,000.00 Cashout Refi Down Payment $27,500.00 Cash on Cash Return as Rental 9.47% Forced Appreciation Gain $47,500.00 5 Year Appreciation (4%) $64,995.87  If you have questions on the financials or would like more detail, please leave a comment below.

If spouses file a joint return, the joint venture between spouse is a qualified joint venture that is not treated as a partnership. 

Is there something I need to file in 2017’s tax returns?