That far away is clearly a situation where you refer some one out. 1 hour and 45 minutes away is roughly the distance between DC and Philadelphia. 

For some reason, I'm really attracted to walking distance places to 'the center of town', possibly multi-use buildingsI want to buy them relatively close to each other so that I can have more leverage with the Property Management company I'll hire to manage themTherefor, I'd love to hear your thoughts. . . .I'm presently in NH (no sales tax, no property tax) and I've a friend that recommends it here ....

Do you find that a lot of people commute back and forth to jobs in Louisville?

When you follow up with them mention that in your email or phone call and it will help you along the way.Question of the Day: After consuming over 50 hours of podcast during the past two weeks during my daily commute and while interning in a finance position I've started expanding my knowledge of the real estate community.

Keeping in mind that rehab costs the same virtually everywhere in the US (more or less, with exceptions), the greater the distance between the floor & ceiling, the more probable it is that you can be a profitable flipper.2.

Thoughts on purchasing RE out of your home state?(financials don't make sense in your immediate area). Pros and Cons. Thanks.

Without an amazing team on the ground, TK is difficult from a distance.  

What are my options for renting out both sides from a distance?

And having the property manager that works with you makes your life easier.You could also use the rule of thumb time vs distance.

Depends what you are currently paying in rent, how much time you will shave off of your commute, and what your longterm strategy is.