Heavy Lifting from a distance

[Barry Sanders]

50-120unit multifamily ..What prior experience would be required before undertaking a heavy lift as an out of state investor? Taking a 100% vacant building to 50% vacancy  or 50% occupancy to 80% occupancy

Would a good property manager be sufficient or would more micromanagment be needed? 

I understand its a high risk invest just  wondering what are the best practices  to mitigate with reserve funds and management etc