Be careful of the snakes in the grass.

If you can't at least go once or twice, I would try to invest closer to home.

If something works and gets you closer to your goal, of course do it!

if you are renting is it inexpensive and therefore creating cashflow out of state can bring you closer to a net zero cost of living?

You will be competing with people who have 'boots on the ground' and can visit any property owner with short notice.While wholesaling from afar is possible, it is recommended to begin closer to home.

I would say anyone who has done 5 flips is experienced and that success rate should be closer to 90% and up.

What markets get you closer to your goals and harmonize with your time, energy, and resources? 

I would sell and invest in a better location closer to home.

Contrary, as long as I can make my mortgage payment, I'll keep the house, even if it is underwater.In this example (which is based on current market conditions), I like microsoft unleveraged better than real estate, but if rates go down to 4-5%, I find an underpriced house, or an area which I expect to have above average appreciation, real estate then looks better.The second reason to invest in real estate is there is a lot of value add propositions to increase returns (closer to running a business than investing). 

Will not yet be ready for window treatments as the renovation is still ongoing, and getting closer to time when itemized list of damages are to be furnished.