Elmo area but can't find much info online about where I can buy and operate. 

Talking with a reputable lender will help you answer both of these questions, although the first is much more up to you and your comfortability. 

We do have a meeting with a local broker/real estate agent next week but thought it would be best to jump on line and take a look at some local properties and if nothing else practice our valuation process.

Also, local real estate agents can also be a goldmine for off-market deals since they often hear about them before anyone else.As for property management, researching and looking at online reviews are a good start, but a real insider tip?

Thank you for tip on estimating costs, I tried to estimate about 20% higher than what i could find for pricing online, just in case. but going of your 50% higher estimate on costs, it sounds like a good idea to have a little extra padding on the repairs. 

It's helpful to work with a reputable team.

Keep saving, learning about the BRRRR strategy, and start networking with local investors or online groups.

As an investor-focused agent, I have a solid reputation in this area.

Strengthens your reputation.

They have monthly online and in person meetings for new investors and landlords.