I occasionally run into a response on BP from @Joe Villeneuve and I pretty much always agree with him.

They may occasionally have to sign some documents or make decisions on renovations, based on options we provide, but overall it's very hands off, once they've acquired the property.

I look at the properties on the MLS occasionally and scratch my head most times.  

Any loan is going to be made on the basis of LTV, it's just a matter of how the "V" is established.In a typical bank loan, V is considered the lower of purchase price or appraisal, where the appraisal is completed on an "as is" basis (no assumed repairs).In a hard money loan (or occasionally a rehab loan with a bank, but these are getting very scarce), V will be based on a "subject to" appraisal, or what the home will be worth when renovated in a manner to bring it into the top tier of condition for that retail market.Hard money lenders might use the expression Loan-to-Cost (LTC) as well, which reflects the total investment that will be made in the property (purchase price + rehab costs).So a hard money lender might say "we'll loan up to 65% ARV, but no more than 90% LTV/LTC".

However, most of my family is in West Michigan, so I will be making trips home occasionally.

I occasionally have some off market opportunities, are you interested in more deals?"  

Occasional jems, but not often and the jems are not easy to find and still involve a fair amount of work to profit. 

The hot property was marked on Redfin.com: you occasionally will see a red "hot" word on a property, telling you that based on the redfin statistics, the property is a "hot property" and will be sold in XX days.

Luckily, while doing my own research, I found out that my local REIA group (which I joined in January of this year) travels to Indy occasionally to look at properties and meet other power team members that they've acquired throughout the years.

Inflation blurs our thinking.