@Brady WileyI’m in a similar boat and will be creating and optimizing a website and PPC opportunities.

Hey Dave, SEO = Search Engine Optimization.It is basically optimizing your website so it appears on the top of the list when someone does a search in Google.When you are #1 on Google you will get a bunch of traffic.Then if your website is optimized for conversins as well, that inbound traffic then become leads.The results is a bunch of highly motivated seller leads, and all for free.Like so: The reason why this is so important is that you do not spend money on marketing, you don't go out looking for sellers and you don't need to talk people into selling their house to you.People look for you, and then they ask you.. no, beg you to please make them an offer.

And then reno, you can do everything else right just to have contractor profit margins eat all the equitable gains, this is where it strongly enforces that a person needs to have a very good mastery of renovation and optimally is a contractor themselves or has a GC partner. 

Unless you plan on partnering with a manager you will be building a hospitality business which includes: communicating with guests, handling resolutions, scheduling turnovers, price optimization, guest experience, and a slew of other things that come with the job.

There are markets that do both and will do both if you can truly optimize the properties revenue and profit potential.

Assume you are not the only one adding to the market saturation and run your numbers for a non-optimal year.

My perspective on investing remotely is that I will probably not do it optimally the first time, but I will gradually learn what I need to know from the practice to get better.