I went to 35-40+ different markets a year each year from 2014-2016 to scope out places to lend privately.

I would probably start with something different for your first property.  

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Multi family properties on the other hand tend to be more lucrative with numbers, especially if you are open minded to different strategies.   

A main difference I noticeably experience is who the merchant of record is.Best of luck with your listings!

In fact my last completed purchase (I am under contract now for a different purchase) was huge negative cash flow.  

I have heard it used different ways.I have used a version of gap funding where the hard money lender funds 85% of the flip (purchase + renovation) and the gap funder funds 10% of the deal.

I figured the PM would definitely be local to the area of the property and would need different PM's for each area, those were just the areas I'd like to invest in. 

My other SFR notes have interest rates determined by the borrower's cash, credit score and income - so market rates or higher.I understand the difference in performing vs non-performing notes and that performing can become non-performing pretty easily.