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. 

Cash flow depends on the down payment, but using a HELOC could keep your cash reserves intact while you get started.Make sure to build a reliable team (property managers, agents, etc.) to help you manage the property while working full-time. 

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

Also, I'm looking to form a power team in each of the states mentioned.

You could do General Contracting where you'd need knowledge of all trades or manage a team of one single trade. 

Just need a good team in place. 

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

Hey Nicholas, Building your team will be crucial.

All important factors to consider- population growth or decline, job growth or decline, inventory rate and movement- is is a seller's market getting stronger or softer or a buyer's market getting stronger or softer?

I have found that I will need more networking to build the team necessary to make it a reality.