It may sound funny to pay a 1031 exchange service to simply receive money for you and spend it for you, but it is essential. 

Recognize that going out of state will come with a lot of learning and education; there's a cost for that of your time and if its better served educating out of state or spending it on the property.

I'd suggest choosing an area that looks like it has potential and then spend your spare time just driving around.

Most my clients tend to be out of state, high income individuals that are looking for a great return and not looking to spend 200 hrs on the project themselves.  

The foundation is so bad the house has shifted and I’m going to be spending nearly 40-50k to get this remediated.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Generally not a good idea to spend bitcoin to buy "things" but some people will.

Are they holding the money, or are they spending it?

Not spending money.  

Get to a point of having enough cash flow for me to spend less time on my job and more time with young kids in 5 years2.