If the only constraint is you don't want to manage it from a distance, why not just hire a property manager? 

The purchase decision might make itself clearer once you are here, have boots on the ground and are not pressured to make a decision from long distance.

Get a damage restoration company involved.

@Venecia BaezThe action plan for real estate investing involves setting clear goals, assessing finances, choosing a market, building a network, understanding numbers, starting small, and learning from experience.

Something to watch if you are mindful of the government being over-involved in nearly every single LLC registration.

Their only involvement will be funding the project. 

Schloe talks a lot about how amazing of a team he has found, so congratulations on building a group that is a win-win for everyone involved!

Hello,I am recently get involved with a fix and flip (my first one).

You are correct Stephen, that is why I said there is a process involved with it with the end goal of termination letter.

I am not sure what type of real estate investing you're considering, but it sounds like, with your family and busy job, you won't have a lot of time to be hands-on or personally involved.