Long distance BRRRRing is a huge undertaking so be cautious and make sure you have a solid team on location to help you along the way.

Build your team here and start investigating the market.

I'm fairly confident that with modern upgrades the house will support that valuation and command high rents.

I’m interested in the area - perhaps even team up.

I would focus your energy and attention on the area/areas you want to invest and start building your team.

A business plan is a worthwhile effort, because it helps you understand what you don't have figured out yet and other team members you will need.Happy to answer any specific questions, just PM me.Rich

Personally, I believe investing is to support life and not vice versa.

for example lead paint inspections/disclosures...).I would also recommend networking with others who have also recently bought their first or second rental property, getting together with such folks for coffee to mutually support each other.

Did you bring comps to support or just cross your fingers?

@Michael BreedloveIt's all about educating yourself, investing in yourself and surrounding yourself with a great team.