While institutional lenders would probably need a number years proof of collections before considering the income from the wrap, private lenders, such as myself would look upon the situation more favorably.  

I am waiting for the PIC team to respond and I am hoping its a miscommunication.

It's super easy to use and will save you a ton of time :)The team at Steadily is absolutely fantastic!

There are people that do flipping in other states while they live in another state from the projects and they are successful, but they have built a team while doing it. 

Then you'll need to build a team of contractors to handle renovations and to help with things such as property inspections.

See below:Survey (8-10 weeks) Request Permit Prints from Design Team (4-6 weeks) Site Plan and Septic Design from Design Engineers. (6-8 weeks) Need survey back to start designs as this is site specific Energy Docs (1-2 weeks) Need plans from Design Team to make request.

I have a robust team of mortgage lenders, title companies and RE attorneys.

Just need a good team in place. 

Here are some contacts that might help you build your team in Camden County:Carpentry:Wood World: 267-916-3241Kole Made: 267-332-9663Glenn Pierce: 484-354-5202Plumbing:Ben Franklin In Home: 267-500-8020Roto Rooter: 856-470-1102Greater Works Plumbing: 267-826-6578I hope these recommendations help.

Only thing I would add here is to take a birds eye view of the area and try to decide if it will gentrify in your favor so the property appreciates at a higher rate than other areas.