Since you are new to rental investing and going out of state you basically have three options - do it all yourself and self-manage it (massive headache and huge learning curve for a new investor, ESPECIALLY if you go lower-tier C or D, distressed property), assemble a team of a property manager, contractor, etc yourself and manage your team, or go turnkey and basically cut the check and then collect rent. 

Having said that, you don't want to buy a D property in D area, but C+ property in C or B- area will be great.

page=1#p429317http://www.biggerpockets.com/forums/311/topics/79967-a-b-c-d-property-rangeshttp://www.biggerpockets.com/forums/52/topics/92396-how-to-classify-a-neighborhoodhttp://www.biggerpockets.com/forums/432/topics/89731-guidelines-to-help-determine-property-grade---a-b-c-or-dhttp://www.biggerpockets.com/forums/52/topics/78359-all-of-my-fancy-renovations-payed-off-but-one-in-particular-sealed-it?

I also like the idea of not buying in C or D neighborhoods.

An A,B,C, or D class area?

Less than a week based on what I'm seeing right now if its c or better and priced at the right #.

I would do this more for a C or D neighborhood, maybe for a B-, but not for an A area.

Considering we live in the Dallas area and are considering a move to Austin and San Antonio, we would be making a bet on appreciation and not expecting to hit the 2% rule for cash flow or anything like that. 

***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

@Brad MastThere could be tons of reasons why they are selling and if you are thoroughly doing your due diligence, if it has to do with the property, you will more than likely find it.