I am a new real-estate investor looking at flipping properties in a higher end neighborhood.

Have you read, "Long-Distance Real Estate Investing" by David Greene?

Also typically time is of the essence in Real Estate so the quicker things get moving the faster the return comes.

I have found some of the best contractors from Facebook groups in the local market for example "Real Estate Investors of Oklahoma City".

I am new to real estate investing and got into it because of the book The House Hacking Strategy.I live in San Diego; the rent is just crazy.

Quote from @Jonathan Jackson: Hello, my is Jonathan Jackson I am new to the real estate investing world.Congratulations.....

I am considering the pros/cons of doing this without a property manager or real estate agent. 

Lower Start-Up CostsTraditional real estate investing requires 20%-25% down, making it difficult for many to scale quickly.

Now, it took me many years and a lot of real estate trading to get to this place with my bank, but that is why I highly recommend that RE investors work hard and finding and nurturing a local banking relationship.

I realize I'll need to consult with my attorney and CPA for actually structuring these, but I'm interested to learn from anyone here who's scaled their real estate business from their individual portfolio or flipping business, to bringing in outside capital to grow.