Everyone wants to play in the major leagues without going through them minors. 

I am a full-time business owner who has been project managing in my existing business for 25+ years, so the notion of project management is comfortable to me, however, my lack of active construction  knowledge and my physical distance pose a significant concern.My local real estate agent in that market has been very helpful and is willing to help me look for contractors and he might even be able to check up on any potential projects occasionally but he won't be doing active construction management.Part of me says that I should face the challenge head on and try to locate, select and manage suitable contractors myself and learn along the way, also by reading other Bigger Pockets investor blogs and advice on how to manage contractors.The other part of me is concerned that this might be over my league at this stage, considering that I only have about 7 to 10 days to firm up the deal on these 2 potential projects, which might not be enough to do proper due diligence on contractor selection.

There is also a revitalization going on by the city and the civic league.

I don't have trouble getting financing but I'm not in this league eather.

It's like stepping up from T ball to the major leagues.  

We are a busy family and enjoy watching ours children's activities such as baseball, track, and band.

Ball High School which used to perform sub-par, has used grant money to completely turn things around to the point that people are moving down here from the Texas City and League City area for the school. 

The number of buildings greater than 10 stories - even downtown - could be counted on 2 hands with fingers left over when I was a kid.We had an entire commercial warehouse district on the north side of the baseball stadium that has been almost completely demolished and now trendy multi-use (art studios on the bottom floor, apartments above), 10-20 story buildings have gone end with a trendy new name (River North, in case you're wondering what area you should have bought in 8 years ago).  

I'd like to clear up something that has been suggested three times so far, but no one has commented on it.Clouding the title or placing any sort of lien against the property is bush-league.

These are made to hold business cards, baseball cards whatever.