I’d love to hear more about the property and how you’re planning to approach the rental market there.

Everything else checks out.How would you approach this?

OP look at your buy box, REI strategy and approach. 

How long are you planning to do this approach?

I’d love to hear about your strategy and how you approach due diligence when expanding to new markets.

I’d love to hear more about your approach to value-add plays and connect further! 

I've read about Benjamin Graham and Warren Buffets approach to investing at large and it resonates with me more so than the crypto-generation. 

It’s easy to approach networking with a “what’s in it for me” mindset, but I found that the most valuable connections came from a genuine interest in building mutual trust and respect.

Does this approach make sense as a first step for us?

I also notice that @Gregory Schwartz mentioned Huntsville in particular—I definitely think that it’s a strong market for long-term appreciation.As for your concerns about investing out of state, I think an investment strategy that is as close to passive as possible would be best.A do-it-yourself approach—where you acquire a property, place a tenant, interview a bunch of property managers, and handle maintenance yourself—is going to be pretty tough to do remotely.