@Mark GrazianoIf you are just looking to purchase a single buy-and-hold there are easier/cheaper ways to look for or market for a deal than buying a list and doing direct response.Scour the MLS and run any/all houses that look like deals through one of the many calcs available here (I like Wendell De Guzman's).

I went to an investor meeting last night and got to meet some of the BP members and successful producers in person....Wendell De Guzman was the guest speaker, and for FREE he shared his incredible wisdom, tips, tools & advice for success in Wholesaling.  

so here's the situation: My parents (living in DE) have a house they want out of.

@Alexander De Arcos You can find some wholesale contracts here:http://www.biggerpockets.com/files/category/contra...Just keep in mind they won't necessarily be written for Nevada.

@Rachelle R. and @Alberto De jesus Thank you!

There are some fractional owner products that are designed to help you in situations like this like Delaware Statutory Trusts and TIC products sold by broker/dealers and syndicators that qualify for 1031 treatment and can help to ease some of these timing issues but you'll still want to make sure you have good guidance and keep an eye on your timing.

Since it's administered locally, you should check into how your local authority handles it; if you accept only the voucher you could be de facto lowering the rent, in which case the authority would be justified in reducing the voucher since they require some buy-in if the tenant is working. 

I've always felt I set the expectations and managed the relationships with renters well since I was right there in the unit and could notice right away if something was to go wrong - thankfully because of all the people I interview to find the right fit before accepting a tenant, I've had nothing but great experiences with all the tenants thus far.Now that i'll be in another state and won't have the easy access and convenience to check on the property frequently (aside from the help of my parents who will be the de facto property manager as they own and manage their own rentals as well), what sorts of best practices can you recommend to help mitigate the risk as I transition from a house-hacker to an out of state investor/property manager?

I live in Delaware but will be looking for properties in both Delaware and in Chester County, Delaware County, Montgomery County.  

@Ruan De Nysschen Exactly!