What are the typical costs do so?

They can be ok if you buy mainly for your own use and want to be far away from the hustle and bustle and rent to just cover your costs.

And to add to the stress, we took out a loan to cover the costs, and now we're watching our hard-earned cash disappear with each passing day.In this moment of desperation, I reach out to this community for assistance. 

Do you have the cash to rehab a property on top of the 20% down payment and closing costs?

Hey Mario, yes out-of-state investing can work well especially if you're in a high cost of living area.I invest in Detroit and live in California.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

If you were to do a cost seg on a new property, you may just create more passive gains rather then active which you mention you are after. 

While I understand the concepts nothing beats seeing these deals in action.I would be grateful for the opportunity and am happy to offer my assistance in conducting research, organizing materials, or handling administrative tasks in return.  

Here's what you can expect with AutoOps:Free Consultation: We assess your needs and ensure AutoOps is the perfect fit.Onboarding Tailored to You: We customize the system for your specific industry.Quick and Easy Training: How-to videos ensure a smooth learning curve for your team.Soft Launch with Confidence: Test the system in a sandbox environment before integrating it into your daily workflow.Ongoing Support: We're here for you every step of the way, identifying training needs and providing ongoing support.The cost of inaction is high.

They would most likely use your liquid assets (cash, stocks, retirement account) to qualify to make sure you have enough for downpayment + closing costs.