Be prepared to followup numerous times.Highly likely the owner will treat your letter like junk mail.

@DemarquisMaybe initially see  if you can do a Joint Venture with an experienced investor to get feet wet

I've received numerous different feedback but would like a direct answer to make sure I understand how the process goes in transferring a RE license and Broker license to another state. 

There are multiple ways to structure your deal and get your feet wet in real estate, as long as you know your numbers.

It's hard to watch the flood damage in the news because my wife and I have visited numerous times.

Investing locally is a good way to get your feet wet and it's a lot more practical than having to take a flight out to see your property.

I have even seen copper on steam heating system uses as part of a wet return, that isn't exactly a waste line, but it is a line where water drains back to the boiler not unlike how a waste line drains. 

At the time of my purchase I was swayed by my realtor and his affiliated PM business despite  numerous higher ups at my employer trying convince me otherwise.

While I am excited to get my feet wet so to speak, I am looking to see what feedback I can get regarding both options from the collective wisdom on these forums.

You want to ensure you get your feet wet on a smaller scale if you do it on your own or find a good partner to "hold your hand" in the first deal.