Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time. 

This is a great place to learn and to connect with people so take advantage of all the great resources.

Or only invest what you happy to walk away from if your taking a flyer with someone starting out with no real track record.

I put my home us FSBO a week ago, broker asked if I was open to working with her if she had buyer, I said yes, but wasn't taking on a sellers agent.

It takes money to invest, so spend this time working hard and saving like a mad man while living off your parents for free.Educate.

You are looking for a PM, you figure out they're early 20's, or whatever age you would consider "young", would you still take them in the running to be your PM? 

In fact I would suggest putting even less down on your properties in general.My question would be to make sure it didn’t take 50% down to cash flow.  

So PM will definitely take you in the opposite direction of cash flow. 

They're trying to funnel investors into taking the title or employing an agent.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.