To answer your question (that wasn’t actually aimed at me) my concerns are investing in an area that I’m completely new to and building an out of state team that will be effective. 

If privacy is a concern with young kids at home, you might look for properties with separate entrances or a layout that keeps your space distinct.You mentioned having substantial equity in your home, which is a great resource.

You have a skillset that could be extremely useful for quick fixes and landlord issues and from there you can bridge relationships and partnerships to enhance your knowledge of real estate investing and couple your skills.

The tenant is understandably frustrated and has mentioned safety concerns due to slipping hazards caused by the water.

Rehab is nice so I don't think that will be a concern, this is also off street parking so ones with garage will be favored more if you are priced the same. 

We are concerned with where interest rates might go in the next 7 years.

While no formal laws say this is restricted, we are getting notices saying the request is not feasible due to XYZ concerns.

Sounds like a good plan, should have plenty of options available.I would be cognizant of any group you talk with on two areas, the location of the property including any potential concerns of it being 'rural', as well as the minimum purchase price and/or minimum loan amounts.

A lawyer could speak to it better, but I would be concerned about screening this way. 2.

In this way, I never need to be concerned about justifying my charge to their deposit because the damage is clear and obvious.