I have some basic knowledge about the subject.

Having local family gave me a built-in support system, market familiarity, and the confidence to manage a property from a distance if needed.

When identifying and working with a property manager long distance, quality and local presence matter most.

I'd kick it to a triplex not duplex. build to rent will always be a good strategy. keep land costs under 10%, build less than $200 per sq ft stick frame, exit price you want a premium, work with someone knowledgeable.

Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?

We would like to create a partnership where we are 50/50 partners and he brings the cash and I bring the experience, knowledge, and contacts ect.

One time I had to use my knowledge and testing practices after a job, and that was because it was a HUD inspired low income grant job for a homeowner.

@Tiana Lazard check with your local municipality, but unlikely you can claim homestead unless it is still your legal address - and you want tenants getting your mail.

I think you need to find a good local agent, network with investors(local meet ups, FB groups, etc) and learn more to dial in the gameplan. 

I’m looking forward to gaining more knowledge and receiving the right mentorship.