I'm also looking into owner financing or setting up a lease option with current residence once my lease is up, and potentially turn it into my first rental. 

I've also came across buying property out of state and am wondering is that a good option?

Couple of options here: 1.

Real estate agent, wholesaler, hard money broker are all great options in this space but it comes down to wanting to learn and who you know!

However, we do our best to run each and every maintenance request by the owner first to let them know what is taking place and give them the option to handle it themselves. 

These skills such as responsible budgeting, effective tenant management and property maintenance showcase your ability to handle larger and more complex properties which can strengthen your application for a commercial loan in the future.It's important to do your own research and understand the different loan options and their terms before you make a decision. 

If you are open to working remote there are a lot of amazing options on this forum.

If you can negotiate a lower down payment, it would free up more cash for you to invest in improving the property, such as adding a nicer backyard with a jacuzzi and more backyard activities.Another option could be to negotiate a lower purchase price for the property in exchange for a higher monthly payment to the owner.

In addition to learning by experience, you could be forming a rock-solid partnership that could offer resources and options you didn't otherwise have. 

The other option is I say screw it and manage it myself.