not on a condo - they are not lendable, at least not in that price rangeThere are condos for $200-300K, these can be financed with conventional as primary residence, but these won't cash flowing.My examples are not on MLS - it's not retail price. 

What do you guys suggest I should study?

If you are new to out-of-state investing I would really suggest you look into turnkey providers that offer management in house.

Any suggestions on what to do with the money while saving for the down payment?

Any suggestions?  

Looking for advice/suggestions. 

House Flippers Caused the US Housing Market Crash.It suggests that it was not subprime borrowers with bad credit who caused the crash, but investors, based on the fact that the great expansion of credit happened with people who had good to excellent credit.What do you think about this argument?  

You might need to brace yourself for some (more) hard-hitting responses suggesting reality checks.My own advice is: please do NOT rely on turnkey providers to get you closer to your future goals, for the simple reason that ALL the cream will already have been taken out of any profit, by you buying properties off THEM!

Does anyone have any suggestions on what I should do next?

The challenge is figuring out which ones work for your targets.These days you can get an MLS listing with minimal (read none) service which is still the 800 pound gorilla for retail real estate when selling or leasing.