These regions offer affordable prices for most investors, with homes that are turnkey—either newly constructed or fully renovated, tenant-ready, and with systems that still have 10+ years of life remaining.

If so, you should also look into the insurance requirements during construction (both builder risk as well as the GC's policy, but particularly the GC policy).

It is my one regret in life that I quit as I missed a huge opportunity where beautiful property was selling for $30-$40K in my area.

Quote from @Adam York: Contact your insurance provider and let them know you intend to rent out the home.

Connecting with an insurance company may be helpful in placing long term tenants in a fully furnished home.  

I just resided an aluminum duplex due to having some of the costs covered by insurance, but all in it was about 17k with new window wraps. 10k was covered by insurance. 

For seller financing deals, I show sellers the interest earned over the life of the loan and total proceeds from the sale. 

You’ll need errors and omissions insurance (~$400/yr.), and you’ll have to do some continuing education for licensing compliance, then you might have some technology costs and some other costs I’m forgetting, of course vehicle maintenance and insurance and those types of things.

Real-life reps, to me, means seeing properties in person, whatever your asset class. 

Really nothing can replace real life connections!