If problems occur and the police are called to the property multiple times, they can ask me for a copy of the background check that I did on the tenant. 

You may also want to put into contract that if the rehab is completed x number of days before expected deadline, contractor will receive a 5% bonus and if it is completed x number of days after deadline, a 5% reduction will occur weekly or something along those lines to make sure they are accountable.I would suggest that you read the book "Long Distance Real Estate Investing" by David Greene if you really want to invest out-of-state.

In fact, if the preferred return is 8% IRR, return of capital MUST occur in this tier by definition. 

While trying to research possible advantages I could look into that may tip deals in my favor, it occurred to me that in my area, there's a lot of flood zones, and a lot of people unwilling to touch them, period.

Personally I hate bandit signs, they clutter street corners, potentially cause vehicle accidents or delays and end up as litter more often than not.

It is only after time goes on and more and more deals are done that the opportunity to reflect and start to make lists of the jobs that you can sub out occurs.

As future turnovers occur - other units also move to RUBS. 

He was probably a young kid that went overboard like 98% of us do at that age and had an unfortunate accident.

It's almost an every day occurence where another GC runs off with someones money. 

Yes, trashing can occur with any tenant and is a calculated risk each of us take when we rent our house.