I do what I can remotely but the assets I typically buy require me to visit first hand before final approval goes.

I think I should be in good shape on this one though, as I am local and know this market like the back of my hand.

They would be a hands off capital investor, and we would manage the entire process from finding the properties, renovating them, and selling them.  

Once you are out of the bad deal, you can take the cash you do get out of it, and invest in a property that will make money...meaning, you will recover the temporary losses you have now, and start making a profit again.Staying with a bad hand, and continuously "betting on it", will get you out of the game fast. 

@Shannon Grierson changing title in Florida is simple but they will tax you on the change if you have a mortgage in place. 

I am a financial advisor in Pittsburgh and work with a hand full of elder care attorneys regularly.

if so you are now the bank.you want a mortgage or Deed of trustand a promissory note.you can get a 3rd party appraisal if you wish or you can establish your equity protection on your own.then you need a lenders title policy when you close.pretty simple stuff really.

On the other hand I have researched USDA loan option here In NC which would allow us to make our first investment (live in flip) by the beginning on 2019 with just my income.

I googled a few websites and didn't find something that was simple, crisp and thorough.I'd like to send something ahead of time to the tenant.I do see a lot of move-in/move-out checklist, but not much for periodic rental inspections.Thanks!

Managing my own properties and building systems/processes to become the best hands on property manager will help me jump into creating my management company to where I'll be able to offer the same quality service to other investors who don't want that responsibility.