David Greene suggest building your core-four before you start investing out of state:  https://www.biggerpockets.com/blog/core-four-real-estate-tea... 

You need to know that the average daily rate will cover your fixed monthly expenses (rent, utilities, insurance, vendor services) at 40% occupancy!

You will need to get a local, rockstar Realtor, contractor, lender, and property manager.https://www.biggerpockets.com/blog/core-four-real-estate-tea...I invest locally in Columbus, Ohio

UPDATE: Mario from Bridgehouse and I are communicating on a daily basis and he asked that I post this update:As of Mon Aug 26, he has verbally agreed to pay our handyman bill of $185, the June rent of $1,400, and the damages to our home caused by the tenant. 

How many records do you contact daily?

I just would like to see what my daily expense are.

It just increases your exposure.Not sure how you do NOT have an insurance policy and still have a mortgage...We've got plenty of threads, pretty much daily, about the LLC question...  

That will give you your monthly/daily rate.

I like cars and I invest in them but not daily drivers. 

As a larger provider we employ both dynamic pricing software as well as a revenue manager that checks our prices daily.3.