Never buy without personally inspecting and approving the property and INDEPENDENTLY, INDEPENDENTLY, INDEPENDENTLY, verifying everything from values to market rates, to approving tenant selection procedures and standards, to repairmen on standby, to everything else in Christendom that you can thing of.I am not a fan of out-of-state investing, especially for those with less than 50 years of experience, and for them, they’re probably too old for the hassle. 

My advice is if you cant easily afford it and you have to put it on a CC.. rethink that.. networking is great but there are all sorts of meetups and REIA clubs that are basically free that have speakers come in and talk on all these subjects. 

Some tenants even sort based on sub-structure so just making sure all of the details are as precise as possible. 

I agree with some investors here, in Detroit you have plenty of opportunities to get decent cashflow now.Just use any Zillow like tool that sort listings by LTR cap rate, I use findvest.io they have decent vision AI filters to filter trash houses compared to mashvisor 26 doors and scalingJust make sure to copy and paste the addresses on spotcrime and don't buy in a warzone, and you should be fine.

It seems premature and sort of tacky after hearing your thoughts on it.

Indianapolis (where I'm a realtor and work with all sorts of investors) is a great market to find that and get a mix of solid appreciation too if you know where to buy

Feel free to track on the site above or if not, I'll post again with an update in a few weeks time as they get closer to some sort of proposal.  

I'm not showing up with a standard set of interview questions to ask them or anything of the sort.

No one will watch our money more carefully than us, and have usually had some sort of arrangement (or try to) similar to what you've proposed. 

Quote from @Anne Christensen: Hello,I am most likely going to be investing out of state but I have selected which state just yet.