I was planing to open an LLC for her as well: this is a good idea?

We were heading home and about to board the plane in Providenciales, Turks and Caicos, when I realized that I could have never paid for this vacation on my own.....and I probably would never be able to in the future with my salary.  

I find it funny how someone will be willing to pay $$$ to buy and rehab but will not spend the money for a plane ticket to go look at the asset.

Thanks for the advise @Walter Cortes  me and my spouse are planing on making a trip to take a look at some property in that area.

During the first 2 weeks of the rehab, during planing and clean up, we will continue to market the property to investors in order to keep our options open.

Someone who enjoys strategic and careful planing, and knowing how to utilize the numbers.

So you have roughly 1100 in gross rents so over the long term you will average 50% in expenses (think turnover, new roof, new water heater, lawn care /yard maintance, property management (usally 10% of gross rents, I know you are planing on self managing but you need to account for this to see how the deal will work as an investment that you might some day not want to self manage), taxes, and about a 100 other miscelanious items) so 1100 x 50% = 550 in expenses on average, leaving you 550 to pay for debt service, anything left over after that will be your profit.  

Im a newbe too im planing to meet more people in that area so we can help each others

If you are going to be an out of town investor you need to invest in a plane ticket and walk the neighborhood.

I'm also far enough away (plane ride, not car drive) that if anything happened, it would be a call to my management co (for instance, if internet goes down, etc).I've been looking into Arlo Go (and/or Go 2) as it can run off a cell signal; wondering if that has worked well for others.