I actually made a YouTube video answering this question in greater depth, but I'll summarize here. 

It strips away the clutter and lets you focus on the essentials.

There are a lot of books on note investing, which is essentially what you're talking about.

Essentially you are creating future tax free income by being able to roll over these losses.If your income is between $100,000 and $150,000, a portion of that $150 loss is deductible and the rest rolls forward.If your income is less than $100,000, your loss is fully deductible - and THAT's the cool thing about rental income. 

Flying in monthly helps, but having a local contact (realtor, manager, or trusted partner) is key for regular updates.Use tools like progress photos, video calls, or project management apps to stay connected, and schedule visits at critical stages of the project.

Using your first property as collateral could help reduce the cash you need upfront, but it’s essential to weigh the risks and it's not really recommended specially if this will be your first.I recommend focusing on building reserves or seeking partnerships to fund flips.

I also watched Chad Carson's videos about being a small but might investor. 

I think what you are describing is essentially a data center Build to suit perhaps? 

They are lawyers so can appeal through the whole process essentially for free.

High-quality listing photos are essential, so hire a professional photographer.