It is surprisingly easy to manage out of state and if you want more tips on how, check out Bigger Pockets book "30 Day Stay" on Mid Term Rentals. 

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

As someone who has helped many new hosts get started, I’ve compiled all the essential tips and strategies into a simple step-by-step guide.

These are good questions, but keep in mind that a month of obsessive research is still the absolute tip of the iceberg.

Welcome to the community and be ready for a huge amount of information at your finger tips.

I understand the BRRRR method is not all that it used to be in the past years, but given that I have a lot of capital to play with, I figured that I would still be able to find ways to make it applicable.Does anybody have any suggestions/tips for me?

My number 1 tip would be to go off market and find owner that wants to sell at a discount / prefers speed and convenience. 

Does anyone have any other tips and tricks for helping out the appraisal process so I can get the best out of the situation. also what what other things can I put in the folder to give him or what you've done in the past?

@Nevin WilkieGreat tips from @Matthew Becker.

I have a hard money lender established to cover 80% of the purchase and 100% of the rehab, so my capital partners would be covering:20% of the purchase priceRange of $30,000-$50,000 cost of capital25% of the renovation budget (to kickstart the project while waiting for reimbursements)$25,000 contingency padAny tips would be great, and if you happen to be interested yourself I can send you more details.