In fact, in my upcoming book here on BP I have a whole chapter dedicated to that... so keep an eye out :) 

But BP Podcast 73 with Mehran Kamari opened my eyes to out of state investing when you're faced with a local market like LA so long as you have "boots on the ground" in the other state.For someone like me who is just starting off, with a decent income, should I go for the expensive LA rental if the numbers somehow miraculously work or is it wiser to partner and look towards out of state hot spots given the full time job situation?

Not sure if you look at stuff already on the MLS, but I saw this burned-up property the other day in an area I have my eye on.

I didn't even know the change was taking place, lol @Brandon Turner looks great and the print is bigger for my tired old eyes lol, easier to read.

I had chosen good quality furniture, wallpaper, and other regularly used items that would be durable for a rental and eye catching (an experience type look) to get those bookings.

Yeah, I was definitely eyeing the Allure Vinyl planks.

You have a good eye!  

Ideally we are looking to purchase these properties, but we are certainly interested in joint-venturing or providing cleanup work for the owners as well if they would not be interested in selling the property.In an effort to help search for these properties, I was hoping to connect with a local real estate broker, who could help keep an eye out for these types of properties, compensated for by a finder's fee % of the profit if a cleanup deal goes through. 

Having your family keep an eye on it is a good idea, but for dealing with the tenants, maintenance, etc., you may be better served with a PM.

There are different nuances to each market , and one tip that I picked up here is while you are saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market.