What about the second and third year when you no longer have the labor-intensive initial setup?

Does anyone have a good effective 3rd party mailing company to send mailers direct to seller?

Consider hiring a Property Manager to manage out of state properties.

If you already have a high interest rate, consider a cash-out refinance with a fixed rate rather than a HELOC.A third option could be to sell.

Hire a company/person that is solely a QI like @Dave Foster they do it every day and will keep you legal and on track. 

As RE developers we all know how important it is to hire good, reliable residential contractors. 

Quote from @Joseph Bushnell: I'm testing out the idea of building a data center and I was wondering if anybody has heard of owning the building and having a third party operate the data center itself.  

💪🏻 That lesson:DO NOT WIRE FUNDS UNTIL THERE IS A FULLY EXECUTED AGREEMENT BETWEEN PARTIES THAT CONFIRMING THERE IS AN ENFORCEABLE CONTRACT.

If they’re late a third time, you have a strong case for eviction for habitual non-payment—without risking the tenant showing up at the 11th hour with the money.For your specific circumstances, with only a partial month behind, I would guess there is a decent chance they can come even on rent and it would be a waste of your time.

@Edward James smith theres a great meetup at The Black Diamond in Spokane Valley, third Tuesday of every month at 6:30pm. https://reinetworking.com/Reach out anytime, I work with a lot of investors in the area and would be happy to discuss ideas.