You do seem to know this area!

I have some ideas on how I could do this from the other side of the world, but I would be curious in some other best practices for those who have done real estate from a substantial distance.

You'll do well if you're this disciplined at 18!

The premiums didn’t make sense compared to the other options I found for the two properties I moved off this policy, nor did they align with the rates I have for other properties in my portfolio that are not on this policy.I’ve shopped this policy extensively across multiple companies and brokers.

I really am enjoying this thought exercise. 

Quote from @Michael Goddard: I know the area and have already looked at this property.

(The vendors give a quote, usually discounted for being a PM client and if I approve I pay amount, no extra fees/surcharges/etc.)For this I get GREAT and immediate service.

If this is a long term hold you'll want to have finishes that match comps, but are also still very durable for tenants.

Appreciate any tips, insights, or experiences you can share to help guide me through this process!

I have gotten seller financing from this exact set of steps, which may enable you to find a seller-financed property.