I may go that route, but wouldn't I have an option not to limit the amount I take out to ensure I do not incur the neg cash flow?

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.

For a buy and hold investor this is truly an awesome way to acquire properties, force equity, and see great returns all while you are learning and being shielded in a sense by working with a consultant to ensure the renovation is completed to acceptable standards!

Even though it's "totally redone" I'd personally still account for maintenance and capex, but would be more forgiving on the low monthly cash flow per unit since those expenses may be relatively unlikely.Additionally, I don't get inspections when I purchase, but since there was a fire I'd definitely get an inspection to ensure things were actually corrected and they didn't just slap lipstick on a pig.

I want to ensure I am asking the right questions as to not waste my or their time.

Any good recommendations would be greatly appreciated as we must ensure that we have excellent property management in place.

As I am investing from out of state, I wanted to make sure the area in which I purchased would be more desirable, so I could ensure a decent tenant pool and make it less likely for disputes to arise.

Generally speaking if it isn't affixed to the house you've got to put it in writing to ensure that it's included in the sale.

Once they move out, replace the fan with a new one and ensure that it is properly connected.I would use your own handyman for repairs. 

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.