As others said out of state can be more challenging based on location but local or out of state both can be done. 

Best neighborhood and best assets are subjective and largely based on the individuals capabilities (balance sheet, skill set, time etc.)

This is a post based off of curiosity.

I also completely understand the frustration of navigating through "Joker brokers" and fake lenders who promise more than they can deliver—one of the biggest challenges in the industry today.Regarding your approach to accrual-based repayment options, that’s a huge help for flippers managing tight cash flow, and it's great that you offer that flexibility.

(They could have a base amount of 1,000kwh for $120/mo.

The rates are high right now but these loans are limited based on cashflow so you cant take a loan that costs more than you're receiving in rental income.

Determine your maximum allowable offer (MAO) based on your investment criteria.

If you know you are going to 30+ properties quickly I would choose the PMS based on that rather than where you are now.

I'm sure it was highway robbery - it certainly was based on the man-hours it took - but when you are in a desperate situation, you do what you have to do to get yourself out of it.  

I am based in NOLA and have a great property manager.