Have assembled a great team, and manage properties in the same successful manner that I managed my own rentals.

I have assembled a appraiser, Realtor, title company, and lender.

There are many exceptions, but this is typical.As far as investing from a distance, this will come back to the team that you elect to assemble.

When I represented commercial developers on projects assembling land we had to explain to the seller that unless we could get it approved for our intended use then we couldn't buy it or if the use or density was going to be restricted the land acquisition price had to come down to compensate.

Someday if it got too much work, I would use a property manager.As for a team, I have not started assembly a team yet.  

How did you assemble a team?

If you go out of state, TK is the the simplest way to go because there are fewer moving parts than if you assemble your own team.

I am assembling our team in MI (in my home town) from our home in TN. 

While a sample size of 3 is quite small, you can then sit back an analyze all the deals and see what you liked and didn't like about the different price points.The 2 keys to be successful at any price point will be for you (1) to find a cohesive team you assemble or hire and keep them on schedule.  

I have them focusing on generating purchase business and assembling pre-approvals they can bring to realtors or open houses.