Check with a local title company and ask if they'll insure title and if so what would the requirements be. 

Michael, something I want to add to your spot-on comments; I see a lot of inexperienced STR buyers, buying a property to be a STR either on their own (FSBO or through the listing agent), or through a buyer agent that has little to no experience with STR's and who doesn't have a a great STR network, strategy, has no ability to analyze a property's STR potential, doesn't know how to assess and recommend remodel or what it will cost or how long it will take and what's required by city/county, etc.

But generally speaking, investment properties require a minimum of 15-20% down and sometimes 25% for first time investors or tricky/unique scenarios.

This number/data is always changing, but usually, A cold lead can require anywhere from 12-20 touches before they even consider working with you.

Navigating these from a distance can be more challenging.Market Risk: You might not be as immediately aware of changes in the market dynamics, and reacting to market shifts can be more challenging when you're not physically present.Travel Costs and Time: Visiting your property or dealing with issues may require more time and resources, especially if it's a considerable distance away.In summary, investing out-of-state offers the potential for diversification and higher returns, but it requires careful planning, reliance on local experts, and a willingness to adapt to different market dynamics.

I would highly recommend leaving electrical and plumbing work to professionals, and your area may even require work to be done by licensed professionals.

I would assume/hope since each person is there they each get to claim 2 hours and since spouses hours are combined that would mean 4 hours to each couple towards the 500 requirement. 3.

No loans were involved, so I had no more cash at that time, and "the cart was still there" - that is, the house required a GIGANTIC investment (and they exceeded the planned).

Also in addition to what @Lucas Carl said, have you looked into licensing requirements to be a PM for someone else?

Does the land contract sale also require an RMLO to "originate" the financing?