Unfortunately, every state and every locality has different laws and what works in one location doesn't always work in others, so you have to be very careful about the 'free' advice that is given in online forums. 

On the surface, it might seem cheaper to hire a PM company, but when you factor in vacancies, maintenance, and under-market rents, you’ll likely come out ahead by managing it yourself.I used to work for a local investor with 500+ units, all in one town.

Reach out if you need any help with anything. 

If you are considering looking in that location, I HIGHLY suggest you connect with a local expert like @Josh Green

Sometimes you need someone to smack your hand away when you're reaching!

I’m a local real estate broker with Keller Williams, and I love helping investors find great opportunities in the area.

Alternatively, google the local real estate investment groups.

keep going after it. run lots of numbers and do a lot of underwriting. feel free to reach out at any time if you need help in your market. these properties that are 3 units are rented and then a cash out refinance that not only makes money but returns full capital to the investor on DSCR loans similar to the interest rate you mentioned above. 

To build a strong buyers list, connect on BiggerPockets, FB groups, local REI meetups, and use cash sales data from PropStream.

My financial standing: Income - 130k W2 Credit Score: 690-710 (depending on when it's pulled)Debt: 330k VA Loan on primary residence, Car Loan $11k and no credit card or student loan debtCash: 30k Children/dependents: NoneI'm looking to be an out of state investor as my local market (Las Vegas, NV) is out of my price range and decided on Kokomo, Indiana to get a property around $100k-130k.