The team has to consist of a local realtor with experience in the areas, a lender with experience in commercial lending, and a contractor. 

From my experience, many investors prefer to stay hands-off and avoid the day-to-day operations—managing contractors, solving unexpected issues, or finding a replacement electrician.

Bay Area, did a local renovation where I was able to do walk throughs with the contractor, and have pretty good control of this property, can check on it multiple times a week.

There are inconveniences to investing out of state like traveling to see properties, meeting with contractors, checking work, checking the property condition.

Had I hired a professional, it would have been done in a month and the extra five months of rent income would have paid for the contractor, saving me six months of nights and weekends.

Then I need to build my team, inspectors, sub contractors and either find a property management company or try to self manage them and etc.

It really depends on the markets you are looking in, if you have the bandwidth to handle general contractors and their subs, and the amount of capital/liquid you have.

., but if you're just talking vacant investor owned properties, OpenDoor already has a go and show model that you could functionally follow with getting driver's licenses/ registrations, etc., but you'd need to rely on local contractors or someone to go and check that the house is locked up/ secure on occasion, so definitely some logistical issues there to consider.Additional logistical issues - if your agents are centrally working, then you need a logistical solution for: signs, sign riders (coming soon if that's required in your market/ pending), lockboxes, pick-up, and storage.

You should reach out to local contractors that have experience with new builds.

My first flip was a HUD foreclosure with no money down—far from perfect, but I learned a ton about budgeting and contractors.