Property is in good physical condition but there have been some expensive repairs and all the utilities seem high to me.

It could be either a coop or a condo - in a coop you own shares in the buildings corporation that entitle you to occupy a specific unit, in a condo you own the physical space. they'll have either maintenance fees or HOA fees as an additional expense, and these can go up whenever the board voted on them.

On the income side, I would physically go out and visit the comparable properties, if they exist.  

Works great and is free.When you receive a call, it'll ask you to press 1 to answer, so it gives you an idea that the party calling has dialed your Google voice number.A land line is really not that great, since unless you have that forwarded to your mobile phone, you can miss calls.If you wait long to get back to someone, that can very well be a missed opportunity.

I also want to find something that I can do should I not be able to physically do the remodeling anymore.

@Derek Caffe Aside from infrastructure , mechanicals , physical inspections , be sure to review the zoning/permitted uses and what you will need to bring to current standards if you are modifying it along with a survey and phase 1 inspection.

You can always put in the contract 'purchase contingent of analysis of financials and physical inspection of property'. 

May as well be someone awesome.  :-)  Shooting you a connection.Tim

A physical asset that has the ability to generate passive income is the greatest thing on earth.  

I have thought about KC it was on my list, but really i thought if i have to invest out of state it might as well be a place i dont mind going to solve problems.