After acquisition, we furnished it, added a couple decks for a hot tub and solo stove fire pit, as well as a ton of string lights and were off to the races!

Light Cosmetic ($40 x Sq.

I put $6000 into repairs, mostly paint, new light fixtures, new appliances, painting cabinets and fix a small leak coming from the roof.

Cosmetic updates, Pulled up carpets and updated with LVT, New Counter tops, painted cabinets, new appliances, new deck, fence, paint, lighting, etc.

A nice multi family property that you can do some light fixtures on sounds like a perfect strategy for you so you and your wife can have your own unit.

That way you and the owner are in agreement and you have been green-lighted to go ahead and run your business. 

Plenty of people invest remotely, and as long as you have modest expectations (not chasing the highest possible yield), and are using light leverage, and don't get suckered into buying in a part of town that you wouldn't feel comfortable visiting in broad daylight, plenty of people do this and do... fine.

The markets you mentioned in your initial post in this thread are great markets, but they're all heavy on appreciation and light on cash flow.

You can expect that you will be required to build roads, sidewalks, storm water control, utility taps, street lights, street trees as well as recreation fees as part of the development process. 

I've been doing some light reading, and it sounds like refinancing that property and using the proceeds to reinvest elsewhere might be a better option.