Besides the old technology, the AGE of the wiring itself is a major concern. 

Naahh I was an eccentric, evil fancy NASA, IHMC and Italian Institute Of Technology, robotics scientist creating an army of humanoids, androids and exoskeletons to take over this rotten planed, enslave everyone and practice my maniacal cackle.Twas too easy.

That's tough..I am assuming you are not flipping and you are talking buy and hold.. flip I would say no way..go out and manage the project till you create that team you needBuy and hold, with Technology the way it is today I would say you could very easily track and monitor the progress.you would probably need a property manager or a general GC to manage the teams and make sure things are moving along especially hard money draws that have to be met.

Is it better to use a local CPA over an online relationship or are they comparable when using today's technology? 

Technology is changing in the real estate industry.

Currently, I work in educational technology sales. 

With technology at our fingertips, I knew I could asset manage from afar, but wanted to make sure my property manager already had a presence in Wichita Falls and preferably had an office in Dallas.

Savings on technology and personnel costs associated with an on line user friendly platform.

well...Tell me why cash-on-cash is important...and what is means...without looking on Google for the answer...Real estate agents are a thing of the past, Chuck...disruptive technology is going to ravage this industry...and tools like you will be the first to fall. 

Technology is just getting started in that sense, these cell companies will pay top dollar to lease.Get an estimate on being bought out, then crunch the numbers.