So, the question is not whether to invest remotely, but where to invest.Investment TeamRegarding properties in distant cities: While books, podcasts, seminars, and websites offer general knowledge, you'll ultimately purchase a specific property in a specific location—each with its own unique conditions.

In genral they are not patient enough to delay purchasing shiny things.

I recently purchased a burnt building and I'm eager to rehab it.

For an investment property (purchased as an owner occupant), that is insane. 

I then found 3 properties from wholesalers in areas that I invest in regularly and purchased the properties with a hard money loan.

Yes quite a few of our 5,000 options have rate and term or purchase!

First, congratulations on purchasing your first property together.

Are you purchasing a fix and flip property and looking for a hard money loan? 

It is possible to get 90% of your purchase price and 100% rehab funded as a first timer in 1-4 units.  

These are great questions and a great idea to do some due diligence before the purchase.