Next, start building your remote teams.

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. 

You can be successful if you believe in yourself and build a local team [especially real estate agent].Brightinvestors offers tools that let you see if specifically areas/neighborhoods are good to invest in.  

This is the best platform to create and build a lucrative investment team. 

Thank God the utilities weren't more expensive.So let's agree to disagree and count it as a lesson of doing business and picking the right people to be on your team! 

This deal taught me to always budget for contingencies and reinforced the value of a great team!

This deal taught me the importance of overestimating rehab costs and always having a solid team of professionals on How did you find this deal and how did you negotiate it?

That plus his willingness to communicate with anyone who asks him questions and his team are very  praiseworthy.

This way, they’ll have a vested interest in maintaining high standards of management.To truly understand property dynamics and support the management team, I recommend spending time on-site.

RE Brokers in the area are a key team member as they should know the area, good rental areas, and they will be a good resource for rentals (possibly, if they deal in rentals).