We work with out-of-state/foreign investors consistently and the key is communication and being the type of company that is technologically forward-thinking (i.e. the ease of sharing photo/video updates and making selections for your property).Your first protection is making sure you can run the numbers for the right deal - looks like you have a good head for the numbers you need to hit, so you're on the right track already!

There are some CRM’s like investorfuse that have 50% of the system already in place for you if you are willing to pay a monthly fee for the technology.

Have professional and investment experience in the following areas,- Instutional capital- Instutional multifamily and mixed use management- Direct investment- Capital raising- Commerical and Residential real estate- Industry technology specifically in the Artificial Intelligence space.- Hard money lending (Single Family fix and flips to value add commerical project)I am availble to further disucss any of the above as well as can provide insight into other issues.

However, that is of course a question your market needs to answer for you, not some random opinion from the internet - he he.If you are going to pony up for a new floor and pulling the plywood is part of that, one option there is to go old-school classic mixed with modern technology.

I really need something that we can put on autopilot but also can be sure it is giving us the latest data and smart technology. 

You should check out the Exchange building downtown if you are interested that kind of thing the owners have turned most of their units into airbnbs and have been using blockchain technology to run a keyless operation for their tenants.  

The cure to both - the 4 ions: education, action, progress(ion), not perfection".Learn to use BP to its whole potential:Subscribe to BP blog and podcasts and start reading posts and listening to their podcasts collection.Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: Real-estate-investing (http://www.biggerpockets.com/real-estate-investing) + Actionable-steps-to- reach-investing-goals (https://www.biggerpockets.com/renewsblog/2015/12/17/actionable-steps-reach-investing-goals)You can find a glossary of some acronyms here: https://www.biggerpockets.com/...You might also want to read: The Ultimate Beginner’s Guide - https://assets2.biggerpockets.......actually the entire section on Guides - https://www.biggerpockets.com/...BP has a whole section dedicated to education and starting up - https://www.biggerpockets.com/...Get busy with the entire Education section on BP:property-types (https://www.biggerpockets.com/hubs/property-types)finance (https://www.biggerpockets.com/hubs/finance)strategy (https://www.biggerpockets.com/hubs/strategy)analyze-deals (https://www.biggerpockets.com/hubs/finding-deals/analyze-deals)property-management (https://www.biggerpockets.com/hubs/property-management) (including TENANTS MAINTENANCE)business-operations (https://www.biggerpockets.com/hubs/business-operations) (and the sub section on REAL ESTATE MARKETING TOOLS & TECHNOLOGY TAXES & ACCOUNTING LEGAL TEAM)One way or another you will pay your "real estate tuition" - either in time, effort or money.

The benefits certainly outweigh the costs.As to the broker, choose one with a good commission split, low fees, investor friendly, and technology.  

The technology is improving and cost is coming down for these better circuit protection devices.

I currently work a full-time position at a financial technology company in a project management and marketing role.