To handle daily operations, tenant selection, upkeep, and rent collection, think about working with a property management business.

As a real estate agent and an investor, I am on the market daily and explore opportunities for myself and my clients.

If you said that the property is in another state, then I'm assuming you may have to catch a flight, rent-a-car, food, etc....which will easily cost you more money than just hiring an inspector outright. 

Right now I am searching the MLS daily and have a subcontractor friend who lets me know if he hears of anything hitting the market soon as I am ready to pull the trigger on my first deal this year.

When you combine these its referred to as the "fully indexed rate," or your actual rate they'll use to calculate your daily interestThe AIO is a financial eco-system to make your money work more efficiently.

Hospitality still seems to be thriving.How about food costs? 

I work a full-time job, a side gig as a food delivery driver, moderate for BiggerPockets, gym, family, friends, & etc, but I still self-manage my properties usually from my cell phone, lol!

I deal in distressed properties and I see deals sell in as little as 30 min to an hour on a daily basis. 

Its so much to talk about and thereś so many moving parts but this is some food for thougtht. 

This means taking the steps in your daily business such as executing contracts and ensuring everyone who performs work is not only insured but lists you as additional insured.