Before taking the plunge, I recommend investing time in educating yourself and connecting with local investors.

Quote from @Chris Samson: Go to BUILD YOUR TEAM at the top of your screen and you can search for other MEMBERS or LOCAL MEETUPS.

I live 3-4 hours away, so I'm putting together some local resources.

(Especially when you live at your investment, it can be time and attention consuming, but it's an incredible way to learn the ins and outs of real estate investment.)3) Attending local meet-ups is a great way to make connections and learn.

Are you looking for a property manager or just someone who has some local knowledge about the area? 

Great company and local operation that does things right.Toledo is notorious for bad operators especially when it comes to contractors so the BRRR approach when investing out of state can end up in disaster.Just had a 1hr call with an investor that was going to purchase a property for cash and site unseen.A "reputable" realtor in town influenced him to buy without doing an inspection.Just by looking at the photo's, we could see a lot of problems with the property.Stay diligent and focus more on the people rather then the deals themselves.Much success 

@Jake Fleming I would start with your local REIA and network there with investors face to face, build relationships and go from there.

You can find and connect with these individuals at local meet-ups, BiggerPockets, Facebook groups, and from other investors. 

I'm hoping I didnt make a mistake with these numbers but assuming proper assessment of the local market, jobs/population growth, property condition, rental demand, future appreciation etc., is this something that sounds within acceptable ranges or am I missing a piece of the puzzle here? 

I was able to get into this by networking with some very smart and talented people in the local market and banking.