Unless you are dead set on getting a management company, I believe this Short-Term forum reads like a great book in itself and can show you some very simple ways to self-manage even at a distance. 

For this area, I am only interested in properties within walking distance to the train station and this is only a stone’s throw away.

It’s near the freeway so I appreciate that to cut down commute time but it’s also in a C-D class neighborhood.

Is there anyone else out there investing in the Twin Cities from a distance that would be interested in commiserating?

My plan is to pick up a multi-family every year for the next 10 years as well as pick up some long distance SFH's.

If you do a second home it will have to be a decent distance from Austin to get through underwriting.

I wouldnt reccomend it for long distance unless you have a really good PM, and most really good PMs probably wouldnt take it TBH.

This is exactly why long distance BRRR or flips is a very bad idea.

If you're serious about RE, I'd recommend investing relatively locally first, then moving to where you really want to live and managing your managers from a distance.

I know people in my long distance real estate investors facebook group that invest in Cincy, but as others have been saying, it has been more difficult finding good deals.