Sometimes its just best to jump out of the plane and build your parachute on the way down.

Do I need to get you a plane ticket or would you settle for a greyhound ticket?

Real estate can be very location specific, so you already have an advantage in understanding where the better areas/neighborhoods are, the questionable or bad parts of town, you can also visit a property (no plane needed) if the seller insists on signing in person, etc.The only reason to initially consider out of state wholesaling is if you live in a megacity such as Los Angeles or New York City where wholesaling is a lot more complicated.I started off in my own backyard and have since moved into different cities within my state (Texas).

Just like plane crashes, we hear about the problems but forget about all the ones with no problems.

Check for flood planes and flood ways on your lot.

Also, you mention that the market is not doing well in the area, if it goes down just a bit you'll find yourself under water pretty quick.If you are planing in holding it it may not seem to be much of a big deal now but you never know how your plans will change in the future.

Side note: nothing solves the responsiveness quite like booking a plane ticket.  

The time to drive or price of a plane flight is well worth it if you buy and an awesome ROI if it lets you avoid a bad purchase.

I liked the Milwaukee REIA meeting and am planing on joining that one, it was larger and very well organized.

The property you mentioned does not have good highway access, you can likely hear planes landing and taking off at the airport and it seems to be in the Mcluer South school district which is one bad year away from losing accreditation.