I have been with a property management company for 2-3 years in Arizona and the property is being run continuously at a loss.

Hello @Alyssa Dinson,The adage, "Live where you like, but invest where you can make money," is true and remote investing works, if you have an experienced investment team.We’ve run an investor services business in Las Vegas for over 17 years.

It's all about building trust and relationships, and in the long run, that will pay off way more than just trying to squezze a specific deal.

I have to go back to running an actual business. 

over runs do occur but 50% is really crazy.

Realistically, BRRR or wholesaling or other ideas that require a bigger time investment are not good for me - I run my business so I don't have much time left. 

But I feel like I don't know what I don't know when it comes to running numbers in the midwest. 

Lastly, I’d recommend running the numbers for your long-term goals.

IANAL, but just had a call with them and signed up for a holding company registration, and an LLC for a LTR in South FL that I have been running under my STR property LLC, registered in another state (which I don't think was giving me the intended protections for the FL property).

The last thing you want is to have a home run deal that theoretically should be a high-profit flip but is ruined because your contractor screws you over in some form or fashion (late deadlines, inaccurate scope of work, etc.).