It’s doable, but very time consuming and takes some real personal skills to let sub contractors know what you expect of them and the quality of job they do.

The person calling you is on a money grab. you do not need a wyoming trust. 

Are you buying the property in your personal name or LLC?

You would want ongoing financials personally and business wise and a personal guarantee.

Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.

It's about path's custom tailored to the persons. 

I have been to a few of them personally its really something and the folks that own them are under the radar and make MILLIONS.

Some regional cities that I personally would consider are Savannah, Beaufort, Wilmington, Columbia, Greenville, and Charlotte.

For my personal portfolio I use a modified spreadsheet amortization by VERTEX, available in Google Docs.  

Completely agree and wouldn't normally purchase a rental in these markets personally.