I also signed up for several local REI groups on meetup so that I may try to network with others in the field (I realize I have a bit of a disadvantage when it comes to networking as I have very little to offer in return other than an open mind and eagerness to learn). 

Thanks everybody for the responses.Sorry I have to admit I did not do an exhaustive search before posting the question.I found some material on the forum after more searching that might help others:https://www.biggerpockets.com/forums/88/topics/862...https://www.biggerpockets.com/forums/311/topics/21...I'll contribute my experiences to the forum when I get my feet wet with the first deal!

@Alek LupaWhile there are always folks who will live in a basement, this type of accessory apartment is generally less desirable than an above ground unit.In addition, digging down a crawlspace and underpinning the foundation is an expensive undertaking (provided it is possible, sometimes houses have crawlspaces, rather than a basement for reasons other than economics).  

A non owner occupied loan is significantly more risky than an owner occupied loan for the obvious reason that if you owned an owner occupied property and a non owner occupied property and were facing the decision of which one to let go, 9 times out of 10, the non-owner is the one to go.  

Its exhausting…..6.

@Paul Papamarkos  When you do a cash out refinance and there is currently no loan on the property, you do not have to contribute any funds other than an appraisal fee. 

My Vision An Independent RE Back Office Support Company that offers:~Quickbooks and Sage Bookkeeping/Set up~Property Analytics & Research~Property Management Support (Until I'm a realtor I'm limited to what I an do)The Tag line on my website says " When a Virtual Assistant just isn't enough"*eventually I will hire employees*My DilemmaI Want to Be More Than an Overseas VA. 

Due to the distance from your primary residence, this could be a second or vacation home rather than an investment.

Also take into consideration the type of property and compare: apt to apt, duplex to duplex, house to house (houses will get more rent than an apt).In our county, rental rates can vary so much depending on which street you are on, condition of the property, and amenities or utilities included in the rent.

Or use land trusts.Umbrella insurance will kick in once the regular policy coverage is exhausted.