I'll admit, not an excellent deal and not in the best neighborhood, but still a start for me to learn the process and start to get to know some of the local players out there.

What key players do you need in order to get a place under contract.I don't have someone who can walk a property to get an estimate.I don't have someone who can help me negotiate the property in person.Who do I need to team with in order to make this happen. 

I've seen (known) smart investors who got clocked in C-/D plays and I've seen OOS investor property in Raleigh that ended up abandoned and destroyed.

and what markets would you recommend (with key players / contacts)?

Too many established players and too much money are sloshing around in our market constantly looking for a home. 

Next thing is what type of neighborhoods do you want to be in (A,B,C,D).

Many of the players are on www.loopnet.com and you can also Google what you need with a few of the commercial companies for example Keller Williams, Coldwell Banker, Marcus & Millichap, CBRE, Cushman & Wakefield, etc.My concern would be how will the buyer broker get paid? 

Form a solid team and a back up player for each key team member: Property manager, contractors, insurance agent, attorney, accountant, Real estate broker, lender3.

Look into a 12 month CD. 

What would be enough skin in the game to make all parties comfortable in working with a newer player?