My son (age 24) however, is an independant contractor / self employed and is trying to buy a house. 

He has lived here his entire life, and knows the area very well, and he is a general contractor and has been remodeling homes in our area for 20 years.

To invest out of state successfully, focus on building a strong local team (agent, PM, contractors), automating deal analysis, and using contingencies to protect yourself.

Real estate agents, property managers, and contractors who specialize in your target market can save you time and money in the long run.

Hey Chandler, I'm delighted by your presence.. how do you feel about building a team of trusted contractors?

I am also a licensed EMT, and would love to provide housing for travel nurses, contractors, etc. in that realm since I can relate to them in previous jobs that I've had.I'm looking to invest in these states preferably: Georgia (1st choice - preferably near or south of ATL or in/near Savannah), Alabama, South or North Carolina, and Florida.

It's will not be a restoration project, it will be a redevelopment project. 

Sri,Are you a General Contractor/Builder or are you simply looking for financing to build a 2-4 unit?

If you can, bring a contractor or inspector when you check it out to get a clearer idea of what you’d be dealing with.It sounds like you’re doing your homework, which is key!

If you find a good manager, they will help you narrow in on the best communities to invest in, which properties make the best investment, rent rates, locating quality contractors, and more.