First time poster here.....my husband and I are about to sell our first flip. 

If you have to lose a few hundred a month on a long term tenant, it might be better than selling it.

Yes, I have been involved with several "mold" properties that still had high mold levels after remediation.  

I know many investors go out of state for buy and hold properties to generate passive income, but is Blythe a lucrative market?

I wouldn't imaging the state where the entity is registered makes a big difference for most buying and selling purposes as long as you can provide all of the required documents for title purposes.

Financing depends on your scenario and what type of property you're purchasing.

There are plenty of websites that can give you a good idea of property values in your area.

We helped him with a Couple ground up New construction Rentals and He Can use The two property's as new construction experience but not us, this is what had me perplexed.  

Quote from @Brandon Bell: I've owned a property for four years with a standard fixed-rate mortgage, and now I'm looking to convert it into a rental.

The fact other properties have chewed up sidewalk isn't a sound legal argument either.