Looking for insight: flipping houses out-of-state

[Jacob Muniz]

Hello BP Community, 
I am considering finding properties in NE Ohio (where I have already purchased a long term rental) for possible renovation/flipping deals. I am planning to use hard money loans to finance these purchases and using my own capital as emergency/reserves. I figure since I am already familiar with this market from my previous purchase and have connected with a realtor, property manager, inspector etc, this market would be best for doing these kind of deals for the first time. 

My main question is what I should be looking for (and looking out for) in any potential properties. If anybody has any experience flipping houses out of state using hard money financing for the purchase and construction costs, I would love to hear about your experiences! 

[Remington Lyman]

Quote from @Jacob Muniz:

Hello BP Community, 
I am considering finding properties in NE Ohio (where I have already purchased a long term rental) for possible renovation/flipping deals. I am planning to use hard money loans to finance these purchases and using my own capital as emergency/reserves. I figure since I am already familiar with this market from my previous purchase and have connected with a realtor, property manager, inspector etc, this market would be best for doing these kind of deals for the first time. 

My main question is what I should be looking for (and looking out for) in any potential properties. If anybody has any experience flipping houses out of state using hard money financing for the purchase and construction costs, I would love to hear about your experiences! 

 I would look at the Franklinton area in Columbus, Ohio. I think that area has a lot of potential due to its proximity to downtown