Tips on purchasing out-of-state NON-turnkey properties

[Matthew Terui]

I currently live in Hawaii, but I used to live in Northern Indiana. A deal popped up back in IN. It's a package of 4 houses (8 units total) for $200k, cash-flowing $30k+/year!

What kind of advice can I get from the BP community on purchasing an out-of-state property. It's not a turnkey situation. So I would need to do as much due diligence as possible from a distance. Should I stay away from this? Anyone have a good experience in this type of situation?

So far I have received a 2016 P & L statement from the current property manager.