This is my plan and feel free to tell me what I’m doing right or wrong.First note: i DO NOT have a **** ton of cash sitting around. 

- You missed utilities in your holding costs- For your first rehab you should plan on a little more than 6 months, just in case- You might want to double check your tax number as taxes in NY can be pretty high- The biggest area where mistakes are made for new investors when it comes to flips and BRRRRs are in the ARV and the rehab cost.

As far as managing the property: IRS rules prohibit any disqualified person to provide services to qualified plan.

To effectively plan your investment approach, it is important to educate yourself and prepare financially by attending seminars and webinars.

Any plans for future meetings?

I have some family there that is planning to jump in the venture with me.

I stopped using that years ago and have no plans to use it in the future—it’s just not worth the risk.  

However, these strategies require careful financial analysis and planning to ensure that you can obtain sufficient cash flow to cover your expenses and debts Isn't it 7.5?

If neighborhood class is important and you are planning on investing any significant amount of money, then its worth having boots on the ground to see, smell, and feel the area.

I  guess it depends on your game plan.