At the end of the day, you won't make a pile of money, it will cost the developer more money than if they were just reasonable, and only the lawyers will be happy. 

Anything you do remote will come at a cost of operational inefficiencies and a higher cost of doing business.

With down payments, improvements, commissions, title work, holding costs etc....

And cost is not coming down.

Property management options, cost of your visitations when/if needed, and access to reliable real estate professionals that can assist you as needed.Feel free to DM me for reference to great tools and articles that can help.

I think it just benefits current owners. our replacement cost variability just went up a lot for the next 4 years.

Run the comps, calculate repair costs, and plan multiple exit strategies so you maximize every deal—whether that’s wholesaling, flipping, or holding for cash flow.

It is a small town, definitely a tertiary market right now, but that is where opportunity is going to be found.I think LTR, in the right location, can provide enough revenue annually to cover all holding and leverage costs while the resident pays down the principle and the demand in the city sustains slow and steady appreciation. 

Also, is the software free for you because the cost is passed on to the tenants?

Thus, when a foreclosure sale is held, you can set the bid amount up to the amount of the total debt, which would likely increase from 80K to include the legal fees, receivership costs(we suggest 5 - 10% of the rents collected), repair costs, additional accrued interest, minus rents collected.