My OOS properties I have PM for due to the distance.

I'm aware of 2 other investors in Chapel Hill/Carrboro who have used the same approach: 1 acquired a property in Carrboro and is currently using it as a STR, and the other is a 'traditional' long term rental.The property I'll soon be closing on is a townhouse - for sale by owner - located on two buslines near UNC and walking distance from downtown Carrboro. 

We offer spacious layouts and amenities to welcome you home, along with exceptional service and an ideal location all within walking distance to shopping, dining, and entertainment options.

I have an added challenge that i'm doing this entire dance long distance :)I'll give them the option of a seller credit, or fixing it themselves.

Lastly, would anyone recommend long distance investing for a first property? 

With social distancing/closed schools/closed offices - everything happening at home - all at once - now, your visits are probably not going to be met with great enthusiasm (unless you offer to tutor the kids while you're there). 

Bought a Triplex with previous fire (but not structural) damage. 2 units previously renovated and rented out by flipper. 3rd unit in need of complete renovation (demo, electrical and rough in plumbing completed but needs insulation, drywall, the works).Bought long distance during the 'Rona virus, list price was 400k, bought for 375k plus seller credit of 22,500 to put into repairs.

Finding contractors that will work within in the constraints of the lender would be the first thing I would find.   

A quality property manager is key to long distance investing.

Id recommend Long-Distance Real Estate InvestingBy: David GreeneThe book is methodical on what to look for and where to get your information from for out of state investing and depending on where you live if might be your best option.