From there you'll attract the buyers who you can wholesale the deal to or perhaps you might even find some folks with whom you could negotiate some type of partnership or joint venture the deal. 

Lots of stuff you can DIY and save money on a handy man.

You'll also want to consider how you are taking title and what that does for your liability (for instance, a joint venture is treated as a general partnership which has unlimited liability). 

DO i do not mind DIY or working with contractors. what ever works just need to get my feet wet so I know exactly what to do!

We run in to this pretty frequently as we take new homes under management from other PM's or DIY landlords.

@Brandon RobertsIf you're looking for residential (1-4 units) out of state, you're 2 biggest options are:1 - Turnkey2 - DIY BRRRRTurnkeys are much more straightforward than BRRRR.

I would slowly DIY renovate the side you are living in while you are there.

If you are looking for a completely passive venture, I'd suggest more modest choices.  

I'm looking at a property where I think it would make financial sense since I could somehow house hack it if the number's make sense and there would be no cash flow (or maybe there would be) and I would skip on paying rent and starting my venture in the RE investor world.4-plex for 750k  (All costs per monthly basis)Mortage $3,402PMI $451Taxes $781Home Owner Insurance $150Utilities $150Maintenance and Misc $200Income from Rent $4,425Total $709 /month Now my question is, I'm planning on living with my girlfriend and splitting the remaining $709 by two, and we are trying to get a conventional loan with 5% down (that is how I calculated my costs) which brings me to the grand total of $355 per month for an asset in Southern California, what do you guys think?

I'm looking at a property where I think it would make financial sense since I could somehow house hack it if the number's make sense and there would be no cash flow (or maybe there would be) and I would skip on paying rent and starting my venture in the RE investor world.4-plex for 750k (All costs per monthly basis)Mortage $3,402PMI $451Taxes $781Home Owner Insurance $150Utilities $150Maintenance and Misc $200Income from Rent $4,425Total $709 /month Now my question is, I'm planning on living with my girlfriend and splitting the remaining $709 by two, and we are trying to get a conventional loan with 5% down (that is how I calculated my costs) which brings me to the grand total of $355 per month for an asset in Southern California, what do you guys think?