I'm familiar with Jeff and the C2C team (i've heard great things) and work primarily with Fernandos team who I love.Right now - all of the padsplit loans I am working on for my clients are underwritten based off long term rental rates.

Then you'll need to build a team of contractors to handle renovations and to help with things such as property inspections.

Building a competent team is crucial, as many have pointed out.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

It's a very stressful situation for our team to keep having to contact you guys every month about our money.

Bigger Pockets is a great place to learn and connect with fellow investors.If you’re looking to invest long distance, I definitely recommend building your core-4 team.

If you invest in RE, whether active or passive(management team, syndications, crowdfunding), I'd love the chance to quickly explain the structure and hear your thoughts on what might need to be improved.

Brian,All good stuff sounds like your building a Good Network and team. 

So, now the software and access to him and his team is free for him to wash, rinse and repeat!

So, yes, you can absolutely have a great rental business as an out of state ( and even international ) investor, as long as you have a solid team that are your boots on the ground.