I want sufficient insurance, but if something catastrophic were to happen I would construct under more modern building methods.

Hey RObert,With all the modern tech, it's really easy to do a deal from out-of-state. 

We've always purchased turn-key properties and are now thinking of buying a true fixer-upper at a lower cost and renovating (i.e. adding higher, architecturally interesting ceiling, ripping out walls, and designing a modern space, etc.). 

What are the modern ways to accept rent payments? 

The idea is similar to modern day pioneers looking for an area to build a new home in a better environment than we are currently in.My question: Does anyone have any suggestions as to how we could incorporate this lifestyle with building a real estate portfolio? 

With a new technology it is easier to access data.

That being said, you can overcome some of the challenges of distance with technology, such as if you receive video (or photos) along with maintenance requests from your out-of-state tenants, allowing you to keep some visual on your property from a distance.If you are comfortable with distance, there is a price-to-rent ratio that may come in handy for you and end some of the analysis paralysis.

Lastly do you prefer a full service modern condo buildings with parking, pool, security, gym etc or more an independent SFH with a yard.

However, when having discussions with them and their disregard for anyone that has been with them for a period of time, I was completely turned-off by their attitude.After I decided that we needed to look, I quickly noticed a couple of key differences:  accounting, modern interface and mobility. 

Just wondering but how much smart home technology have you added to your locations like video doorbell, smart lock or smart thermostat?