Is going from turnkey to solo out of state a bad idea?

[Scott Bolinger]

I'm a fairly new investor in California, and I purchased a turn key rental in Memphis last year.

It has worked out really well, and is cash flow positive. I am planning on buying several more properties over the next few years, and I want to see if I can cut out the middle man to get higher ROI. I am also interested in doing some BRRR deals where I can re-use my down payment to get more properties.

Since I am interested in out of state deals, My plan would be to develop relationships with brokers, property managers, wholesalers, agents, and basically anyone in one specific area (don't know what that is yet) and try to find some deals. I would have to do as much as I could long distance, and fly in very seldom, or else it wouldn't make sense.

I am passionate about REI, but it's still just a side hustle. I want to learn more, and I'm willing to do some legwork, but it can't be more than a few hours per week because I have a business to run.

My question is, is this harder to do than I think? Am I crazy to think I can do this long distance, and part time, and be successful without a turn key company to help?

Thanks!