How do you buy and manage properties out of state?

[Anna Tai]

I just saw a very nice SFR home in Oxford, NC - 3 bed, 2.5 bath for auction. Starting bid $70,000. The home is previously valued at $240,000. Does this sound like a great deal?

My question is: I'm from Honolulu, and would like buy properties out of states as properties here don't generate positive cash flow. How do I go about doing that? How do I find an agent and/or property manager that I can trust? 

Any advice welcome. Thanks in advance.