I am on the board of CFRI, the local chapter for National REIA.

.- Build Relationships with Vendors: Getting quotes from local contractors or vendors for common maintenance or repair tasks can give you a clearer picture of recurring costs.

I am local to the Memphis market here and like others have mentioned communication is key.

Are there any local real estate meet-ups or community here that investors meet-up?

Maintenance can also be a factor—while newer homes may require minimal upkeep, older units might need more frequent repairs, particularly for things like plumbing or HVAC systems.Some things to pay close attention to:Zoning and Permits: Check local zoning laws and permit requirements to ensure you’re allowed to place a mobile home on your land and rent it out.

Looking for potential analysis pitfalls, offer strategies, analysis metrics, discussion of local market conditions, and general networking/camaraderie. 

Your time is best spent producing the revenue that allows you to invest in the first place.That includes using local agents you meet and feel are a good fit for you, property managers, possibly buying completed properties like the one you posted here, and outsourcing as much of the process as you can as you get started. 

., so do you mean living in one state while a local PM manages a STR for you in the other state?

I live in Albuquerque and would just like to reach out to local real estate investors simply to start a dialogue. 

You will buy a specific property, in a specific location, in a specific city subject to specific local rules and regulations.