We got out of condo conversions couldn't really sell any of them and transitioned to ground up development of single family homes and three story walkup triplexes on a build to rent model which is much easier for us to manage and our exit isn't a sale it's just a refinance. 

While my sister and I will not have any issues based on our history and lives, the goal is to use this property as the learning ground for the final outcome: four duplexes---Structuring the property under an LLC or land trust could trigger a due-on-sale clause, so check with the lender before proceeding.

Between your operator and agent this will be your boots on ground.  3.

Get someone on the ground to be your eye and ears and lookout for your interest.

It’s a huge relief knowing someone trustworthy is on the ground, keeping everything running smoothly. 

Then, if you are not satisfied with what you find, you can explore other options, but for now, I would find out what is happening on the ground face to face.Best of luck - Chris

Then use the experience to work out the kinks and build a strong boots on the ground team.

At least with FHA 203(k), you cannot do ground up construction.

Leverage can push your returns higher, though tenant quality and management are key to keeping headaches low.We actually have 12-24 buildings breaking ground right now, designed for cash flow—projected 7-8% cap, 10% cash on cash, turnkey with our team handling stabilization.

Sounds like you've started your research on OOS investing, but the single best piece of advice I can give you is to establish a trusted investor-friendly agent who will be your boots on the ground once you decide which market you want to target.