He knew the person selling this property and asked if we were interested.

NOTE: an aggressive attorney can still track you down.LEGAL PROTECTION: By placing your assets in an LLC, you legally separate them from your personal assets.

Try a Google search for managers or look for an investors group in the area that can provide personal recommendations.1.

It is the perfect home for me (as an airbnb) but it's undesirable to a regular person since it's dated (its a late 1960's home).

I know of several excellent property managers in the North Alabama area that would service the Harvest area, including several that I've never worked with personally, but have a good rep in the area. 

A new person doing an OOS BRRRR right now is ripe for a loss.

Did your borrowers mention securing your investment with a recorded mortgage or deed of trust, personal guarantees, lender’s title insurance, or anything else?

Connect with a housing coordinator if that position is available in your area and stay in contact with that person. 

I have a lot of personal experience with BRRRR—both from building my own rental portfolio here in Memphis, TN and from helping both local and out-of-state investors successfully scale their portfolios using this strategy.One of the biggest advantages I’ve been able to offer my clients is structuring deals with hard money lenders in a way that allows them to acquire properties with less than $10,000 out of pocket in most cases which results them in massive cash on cash returns!

Ultimately it would boil down to your personal risk tolerance.