Please let me know your thoughts or places to go to deep dive this myself. 

But it's going to be riskier not being local, you'll have to have team members you trust more than you trust your family, and if you are a new investor...that's really jumping into the deep-end.Again, doable.

I won't get too deep in the details but I had an appraisal done on the land with a proposed house on it and it came back pretty good.

They're often interesting and sometimes pretty deep for their brevity, but ultimately they are as forgettable as a Justin Timberlake song.

For e.g. in deep value-add projects, the timing of the cost segregation study could make a huge difference in the deductions you are able to claim as an investor. 

The OpenDoors and others have deep pockets that make PPC costs crazy.

Note buyer can literally decide in a few minutes if they want a note or note.. and the notes are constant they are always in inventory .. no hunting and needing deep contacts like the secondary market. for NPN or big note tapes.. that get sliced and diced.So once you figure out what space you want to go in.. then you can narrow down your focus..

With possibly the exception of some parts of Florida and maybe deep Arizona or Death Valley, lack of air conditioning does not make anyplace uninhabitable, merely uncomfortable.

JIm you have obviously note been out to the high deserts of the west.. towns are 50 to 100 miles apart or farther in many instances.. there are only dirt roads if any roads.. and there is no utls.. wells can be 1000 feet deep or deeper and well who wants to live in the middle of no where .. nearest shopping could be 30 to minutes to an hour or more.. etc etc. 

My partner has pretty deep pockets but would still want to split everything 50/50.