purchasing CIP in other state or regional town

Most CIP investors seem to go after higher yield for their return which in this case many is only available in regional town or maybe in the other state. Plenty of investment advices from magazines and articles discussed this and they are saying it is possible to purchase property remotely without actually inspect the property yourself but instead getting someone else who may be a buyers agent or property managers to do this for you.

But what I'd like to hear is the true story from the person who's actually been in this situation, the highs and lows story. And perhaps the step by step process from sourcing the deal, getting the inspection done and finally getting the rent rolling to your bank account. Please do share your knowledge as we are curious to hear real life story.
 
Sure everything is up for negotiation but if the lease is in place there is little/no chance of changing the conditions prior to sale. Likewise security will be what it is in the lease.
 
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