You want to use flips to partially fund this venture - flips that will drive up housing prices => rents.

Start with $8K through FHA loans, joint ventures, private money loans, crowdfunding platforms, and BRRRR strategy.

A bit of a bummer but I guess this is the way it goes when we venture into less tried tried and true investments.

I haven't ventured out to the valley yet because I've still been happy with the opportunities here in Anchorage.

If this is your first venture, your presence at the property will be very important, there is a learning curve, factor in your travel time and other commitments.

Rehaan Khan True Prevail Ventures 

Hey Sergey, I’ve run into this exact issue when trying to establish my own online presence for out-of-state ventures.

venture cautiously

But always remember that RE is a risky venture, and you could go through years of less than stellar performance.

While land loans still require good financials, smaller local lenders are often more willing to work with unique situations.You could also look into partnering with a private lender or forming a joint venture with someone who shares your vision.