How to find the safety and crime in a rental location considering to purchase without physically driving many hours there and disappoint.

@Kyle Hendricks I encourage you to look for a Fee-Only CERTIFIED FINANCIAL PLANNER® who works with real estate investors and is FIRE focused.

Where I am, it changes the game on egress, fire escapes, back stairs, and a green card from the state.

Over the years, I’ve worked with dozens of investors on the financing side of house flips and have had a front-row seat to over 100+ deals — some wildly successful, others… expensive learning moments.Here are 3 rehab lessons I see new flippers commonly overlook:Underestimating Holding CostsEven with a solid contractor, delays happen.

I asked if the “building coverage” covered clean out after something like a fire.

Lesson learned: tenant screening is critical.So next time around, I decided to stay anonymous (for safety, since I live alone), and I hired a property manager hoping they’d screen better.

However, in late March, the property unfortunately caught fire.

Here in Phoenix we take pool safety very seriously and have strict laws. 

I’m Lois, I’m new to the FIRE movement and excited to learn and grow.

Any other less obvious drawbacks—or even lessons learned the hard way—would be appreciated.Thanks in advance to anyone willing to share their experience!