Should I have my local friends stay in the Airbnb and give me reviews so that I can get the ball rolling? 

Local banks typically offer lower interest rates but might require a solid track record and detailed financials.

For out-of-state investing, find a trustworthy property management company and network with local real estate investor groups.

Water penetration can also include roof failures or pipe bursts that allow water to leak into or damage your home.Either have the repaired area researched by your local expert and accept it.

ACT and the various localized distressed property laws.

He was able to verify my identity as a longtime local realtor also. 

Yes, if you lived local and did it, then you wouldn't have to pay for it since you do not charge for your time.  

Im looking to purchase a couple of 3Br 1bath SFH in Cahokia IL and rent them to Section 8.Does anyone have experience with the local Section 8 authority?

If your local market is very active and homes are selling fast, you may be able to get by with doing less.Your Home’s Condition: If your home is vacant or has a unique layout, using a professional stager who can bring in the right furniture and accessories may help buyers truly visualize its full potential.Your Budget: Talk to your agent to get an idea of staging costs in your area, as it can be the difference between your house selling and sitting.

An example in my experience would be a local/regional foundation with a mission that is aligned directly or indirectly with Affordable Housing AND a longer-term investment horizon with less of a focus on the financial return and more on the "social" return for the community.