However, I enjoy the more operational side of flips and would like to grow my business out of state to increase flipping volume and have less competition in finding deals.

My job is to thoroughly vet the operator, analyze the market and analyze the deal - then I send the wire and my job is done. 

Over time, rents may increase, improving your cash flow, and you’ll gain equity and valuable experience managing tenants and property operations.

Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

Cash-flow is for "keeping the lights on" as in covering operational expenses to defend against any need for additional capital investment. 

Any pros/cons on either or any other operator suggestions would be greatly appreciated. 

There are a ton of tools and resources that not a lot of people know so doing some YT watching and their training helps immensely. also, happy to answer any questions you might have on set up / operations.

If all prospects and leads come from yourself, then you are operating your own business.

The website works to connect STR owner/operators with reputable cleaners in the area you're located.

The calculator estimates that operating expenses are equal to 50% of the monthly income.  50% is a rough guide.