Never skip your due diligence OR I would charge the biggest deposit allowed in you state. 

The OP if they have that kind of cash should just skip this all together and switch hats and be the LENDER on the deals...

I will also grab a RA in FL to avoid my address but it does appear I should have skipped registering in WY as it doesn't appear to have the same benefits I thought it would.

If I sell any time in the next 3 years I can skip capital gains taxes.

I would strongly advise anyone starting out not to be in a rush to skip steps, but rather to take the time that it takes to save for the first few to learn and pay down "the dumb tax" of figuring out what you don't know. 

Are you going to pay your rent, or skip rent and book an Air B&B? 

If you do not plan to conduct business in NY then the bank may require you to fill out a foreign entity declaration (stating that you will not be conducting business in NY) and you can skip the registration. 

If the goal is simply to better understand the commercial landscape, values, and happenings, skip buying any course and start subscribing to the Business Journal for your closest major metro.

Quote from @Glenn Cross: Create a maintenance schedule so you don't skip something.

If you're considering to become an out of state investor, here are some of my tips: 1) Make sure you do your due diligence and don't be afraid of skipping a deal if the numbers don't work. 2) Know your focus - is it cashflow or appreciation?