I need to still verify some additional information, but it looks like I will be picking up a few out-of-market properties.In addition, if you have $100,000 and a relatively stable job with good income, I would very seriously consider leveraging that money to purchase multiple homes.

Not the best solution but a relatively cheap one.By the way what is the asking price on the tour house?

Payroll, bookkeeping, etc can mostly be done remotely.Here is a great list of questions to ask a potential accountant:http://www.biggerpockets.com/forums/51/topics/70447-questions-to-ask-a-cpaAlso check out the www.NAEA.org page in your search.

In my visitor log (which is just a spiral purchased at an office supply store), I devote one or two pages to each property.

I am also considering hiring an interior designer to include in the improvement plan because my thoughts are to have everyone on the same page sharing the same vision from the get go.

Build your foundation today.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Payroll, bookkeeping, etc can mostly be done remotely.Here is a great list of questions to ask a potential accountant:http://www.biggerpockets.com/forums/51/topics/70447-questions-to-ask-a-cpaAlso check out the www.NAEA.org page in your search.

@Mike Abel I am relatively new to Real Estate Investing.

From the Linkedin help page with a few of my own modification to make it specific for this site.You can share your own profile on Facebook, Twitter and Biggerpockets at any time.Click Profile at the top of your LinkedIn homepage.Click the Edit Profile button.Find the link to your profile, it is directly under your profile pictureCopy you profile link and paste it in to your profile on BP.

(cost is to high) however, this makes a much better market for long term rentals as property value is rising and the city is growing at a rapid rate with a high demand for rentals (all relative to where I live).These things helped me to decide.