I'm not averse to beginning out of state, I just think I would feel more confident in my investment if I were able to be close by knowing that any issues that arise I'd first attempt to resolve myself before hiring someone else.I apologize for not having been super specific in my first post, but any advice and opinions one any of these subjects would be much appreciated.

If you're going to invest at a distance, you MUST be prepared to buy a last minute plane ticket and travel to the location if a serious problem arises.

If the opportunity of an out of state market deal that cash flows and logically makes sense did arise I may decide on this over a local deal.

I appreciate the quick responses and will definitely reach out for more info as opportunity arises

I no longer use an algorithm to pick my offer prices - that's just one example.And making offers and following up on them isn't even half the battle...You also have to hone your negotiating skills....Understand the details of contracting...Learn how to build a buyer's list and market your property....And know how to deal with the myriad of issues and challenges that arise during the process of closing on a distressed property...In my opinion, this is where Dave & team's mentoring really shines.

On the other hand, in a rising market homes might sell 25% over list price frequently.

Also, you have wiped out your savings and so now where is your safety net/emergency fund and/or funds to pay for a major CAPEX should that arise? 

Them moving in wouldn't necessarily be a reason for a denial but other problems can arise that are more serious in my opinion.

Another situation my arise, where I would purchase these properties from my mother should she ever need liquid funds in retirement.

They are all professionals but if your name ends up where you don't want it, more issues may arise.