From my understanding, this is what I'd like to explore: a hands-off investment in Real Estate.Where can I search for such groups?

It may work a lot differently in large metropolitan markets but in our community, our reputation of integrity is vital.  

I am a newbie and have been exploring my options with regards to funding my first investment property.

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site.http://www.biggerpockets.com/starthereSetting up Keyword AlertsHow to Use @Mentions on BiggerPockets25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions,take action to snag your first real estate investment deal if new or add to yourexisting holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

Plus, the bad reputation keeps less savvy folks out of market which is good for them and for the city/area.

Additionally, to increase my deal flow, I will use local reputable property managers to manage the day-to-day activities of my rental properties."

Perhaps you could split the difference and explore lower priced options in areas such as Woodbridge or Manassas?

I live (for the moment) and work in NY and I am exploring the idea of purchasing an investment property out of state....perhaps Florida.  

Most reputable lenders are going to want you to have some skin in the game.

I think you would still get some valuable experience by running this deal through a reputable hard money lender and seeing if they would fund it.