Find one who specializes in the investment class you are looking for and don't pinch pennies on PM's they will be you eyes and ears. 

I shall keep an eye out for what develops with your plan.

Too many ways for things to go sideways when you can't keep a close eye on things. 

You want to be able to keep track of all details regarding your property and you can do that through the Fixed Asset Items List of QuickBooks. 

Based on my income + about 70k in savings from selling non-performing properties i have been debating a few ways of going...I have been keeping an eye on MLS listings since i still hold my real estate license for the past few months and Craigslist for cash deals, but i feel the prices are just terrible right now on your typical 3/2 rental properties...Option 1: Should i keep looking for 3/2, 4/2+ under 150k deals for rentals in hopes of something popping up?

I had one mom tell me to keep an eye on her boy!

To be more detailed about out of state investments I would look in Dallas, Houston, Miami, Phoenix, Atlanta, Nashville, Chicago which is a northern location. 

Again take this feedback with a grain of salt as I don't know all of the details about your situation.

Details in the link below. 

Now I’m not worried because o have automated online systems for rent collection, contractors and licensed repair professionals on speed dial, and I have some boots on the ground in the form of family who can lend their knowledge and keep an eye out for me.My first thought to this question is : if I’m worried that it may be too far ,then for me it may be too far.I could never do a flip that far away, IMO.