We plan on living in the house and doing most of the fixes and renovations ourselves.

Typically a furnished rental will appeal to someone coming to live in an area for a short to mid term period of time.

David,Yes, investing out of state can be a wise choice especially if you live in a State like CA, NY, NJ, CT where home prices are over priced and taxes are brutally high.

Do you live nearby?

I had hoped to set this up with PNC since I bank with them but an in-person visit to the branch is required for set up and this is not possible since I now live in Washington state.

Lived in dumps that I fixed up and sold or rented while working 50+ hours a week at my day job. 

I have eagerly wanted to get into this space..I had a few calls with Sunrise that had some pretty poor answers / or lack of to my questions so was leaning toward Four Peaks since those conversations went better. 

What's the difference between co living and shared housing?

I asked about 3rd party accounting.His response was it'll take 6-8 weeks at least for them to come up with a plan but the conversion to shares is permanent.

Live off of equity as you sell or live off cashflow.