It's a lot of time and expense determining and buying materials you need.  

I have 2 water heaters in the warehouse as well as a lot of extra roofing materials. 

hi Markiem,There is an attorney in your city and his name is Bob Diamond Diamondlawcenter.com I have not had any dealings with him in about seven years or more, but he use to be a very good real estate non-guru and very intelligent in making money with real estate, but after his brother joined him in business his brother turned him into a marketing machine so I don't think it is very likely that you would ever get to speak with him directly any more, but he may have materials (to buy) that could help you.

If my system doesn't work, no one makes money and I will have trouble recruiting and retaining PMs.

Any time you spend doing work can not be passed along to tenant, only material costs.Charge for cost to clean up and remove all junk.

We listed all the things left to be done, separated the labor from material cost, and figured out that 55k is needed to finish the project.

Is there any recommended reading material for investing from afar?

Search "Do Hard Money" as well as "dohardmoney" and "dohardmoney.com"  You'll have plenty of reading material about them.

The insurance proceeds will be covering up to most of the policy limit but that may not cover the cost to complete a new build with the materials necessary to get the most profit on the back end.Time wise, due to all the bureaucratic delays in our city and pulling permits, architectural plans, etc.

You do not have to be a Real Estate Professional to take advantage of this active investment classification if you provide the material participation requirement.