There would probably be permits, insurance for the event, and rental fees for the land, garbage disposal, portable toilets etc.

Laws keep banks out of the real estate holding business and dictates disposal.

my 2 cents ... never buy a property that is over the 1% rule unless you  have disposable cash  that you dont mind losing.

BP is the best resource you have at your disposal.

To make a short story:Professional age 30, income in six figures, - disposable income of ~120K a year after taxes, bills and loans- stay at home wife with child- looking for stable investmentsWhat is the best route and use of my capital?

One unexpected garbage disposal replacement wipe out any cash flow for the whole year.

We're assuming here that you dispose of an out of state property and acquire another property closer to you to manage.

I, unfortunately, do not have such an attorney at my disposal.

@Steve A.If you dont mind me asking, what do you do that gives you 15k+ a month in disposable income?

At some point you should make a trip down there to see everything for yourself, but you will have tools at your disposal via the internet to gather any pertinent information you need before you move.