I agree, I was thinking more as farm land, but its about 40 miles out of Austin around a bunch of little towns, so I don't believe that a consumer business would function very well unfortunately.

The biggest concern regarding renovations is determining the price of renovations to make it functional.

Plumbing is functional, needs new flooring in the kitchen and bathroom.

@Ray AgostoYou can search a lot of information on BP using the search function / top RHS on the website.

Get familiar with the search function

Actually lined up to go to a local event next week which I'm stoked about, and even got my next door neighbor to join who is also recently gotten into buy and hold rentals as well, and is from Iowa, so looking to "learn up" with him and hopefully can leverage his knowledge to get access to folks in that area.I would really like to make the Seattle area work so that I could check in, especially during rehab phase, but I'm not opposed to letting things go, which is all a function of finding good people on the other end to do their job and be able to understand the market from afar and make sure you are actually getting a good deal.  

All this assumes conventional financing and a robust market. 

First of all, software will help you automate most functions especially rent collection.  

Joe Abeyta your contact/message function is blocked or disabled

Bathroom fan does not seem to function efficiently6.