Long Distance Landlords?

[Payton Pearson]

I was wondering, for newbies and pros alike, what are your thoughts on long-distance investing? Many people see real estate as kind of an anchor and therefore exceptionally difficult to invest at a distance, but if you look at people like Grant Cardone, eventually it becomes an absolute necessity.

What do you all think? What are your experiences? Positives, negatives? Theories that are true, theories that haven't seemed to be true for you or your friends, etc.?