Have the legal description and address of the property with you before you talk to them.

I would like to think we are awesome wholesalers, and this is how we do it:Buyer's side:Submit a comprehensive list of interior pictures, exterior picturesSubmit pictures of all the things wrong, that needs fixing, or updating, with a description of what is wrongSubmit 2 to 3 properties you have comped to arrive at the numbers, and then make sure they know it is their responsibility to verifyCreate a clear, easy to absorb standardized cheat sheet that summarizes all the numbers, including cost of repairs, ARV, estimated profits condition of the houseCreate a list where you describe the age and condition of the furnace, boiler, water heater, oil tank and all other mechanicals.Describe heating source, gas, oil electrical.Make sure they know your rules, deposit, protocol for visiting the house etc.Let the seller know you are going to put a lockbox on the house and have this written and stipulated in the contract, to make it easier for buyers to visit (in case the house is vacant).Be careful not to do the unnecessary, like figuring out if there is a buried oil tank.

I'm an out of state investor and would appreciate knowledge and insight about areas that might fit this description. 

Kitchens, master baths, and curb appeal are often the best places to invest money into as they typically bring the highest returns.Based on your descriptions, I would definitely do a nice landscaping plan and remove the garbage, add some pretty, and get higher rents for it.

@Mike Bonadies, that is the best description of Woodstown that I have ever seen.  

However, for your scenario, you can take a guaranteed payment for the property management portion, then do equal distributions for whatever else is coming out.The guaranteed payment will be taxed as Self Employment Income and the rest of the distributions will maintain the nature of whatever income it was originated from (sounds like passive income based on your description)

From acquisition, to furnishing, to description, to what kind of linens you put in the place. 

Legit questions that makes sense are fine, but silly questions that show that you haven't read the property description won't help your case to be the winning offer. 7) Do Your Due Diligence First: If you're dealing with a pro on the other side, there is no way they are going to recommend the seller accept an offer if they don't think you've already visited the property and done some homework.

"Demo" is not a description that will carry if they decide that what they agreed to demo is different than what you expected - no matter how many times you told them during the walk thru. 

Here's a brief description of each that might help you figure it out.The site considerations are zoning (what's allowed, what you have in mind to build, and if you need to rezone, etc.), access to water/sewer/utilities (I assume there is access considering there are apartments next door), size and shape of the parcel, and topography.