Hello MattI Currently purchase rental properties in Michigan and sell them to investors once they are performing to our standards and stay involved with the property and investor for six months after the sale to make sure things run smoothly.

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.

We frequently FaceTimed or texted when issues popped up but things ran pretty smooth.

What happened after with the rat of a contractor I found here on BP is another story, but the hubzu purchase for me was a smooth one.

Why do deals fall apart at the closing and how would I avoid this/prepare myself so everything goes smoothly?

We can get a lot of different types of loans through these connections, which makes the whole process go very smoothly.

Legal requirements for giving notice include checking local and state laws, providing written notice, clear communication, specifying the move-out date, offering assistance, offering more than 30 days notice as a goodwill gesture, and providing 45-60 days notice for a smooth transition, reducing stress and potential conflict.Good luck!

With the Purchase price and down payment your in 44k then add on the repairs (which before you put this under contract you should get a couple bids from local contractors) that puts you at 52k assuming everything goes super smoothly (which is hardly ever the case) then if the area is depreciating every year that ARV is decreasing while how much you've put into it isn't. 

Everything went smooth for 3 years.

Originally posted by Joshua Dorkin: Good - I'm glad it's all working now -- we had a rough day and a half, but everything should be in order here.Thanks Josh.I can only imagine what has to go on to keep such a large and constantly active site like this running smooth all the time.