I want to help but I'm in California and we actually have a Flipping Academy but because you are there you have to be really self motivated.

Also, get in the habit to budget for property management (8-10%)  even if you're self managing. 

@Fernando CardonaThere are a couple of items to think of here.You might be considered in the business of issuing money.The pro is that the interest on the loans you borrow from will be deductible against your income.The negative is that your income might now be subject to self-employment tax.You should think of the money you earn from a post-tax perspective.if you are borrowing at 6% and lending out at 10% - you are only making 2% if you are near the 50% tax rate(fed income tax, self-employment tax and state income tax).Depending on how diversified you are - one person not paying you back can make you lose all your gains/income

This leaves you a buffer..... and time to fly out and inspect it your self.

I have a current 457B plan which I am permitted to self-direct through a brokerage account at Charles Schwab.  

One better would be self storage. http://bit.ly/2CILuJ2

Speaking with the current manager, he says there is demand for the units and when first renting out was getting 5 applications per day until filled, but that only 1 tenant in about 25-30 applicants was qualified.

I treat them with dignity and respect and through the application process explain to them that that’s what I expect in return.

I saw something posted elsewhere that the person picks up the application in person.

I guess I was assuming it was slow here because I had called about a few rentals I saw listed, just to feel them out, and they had no pending applicants....but I guess it could have been that they hadn't received any qualified applicants, perhaps.