Each has its own upsides and challenges, so think about what aligns with your goals.Speaking of goals. 

Your real estate attorney can help ensure you get the best terms possible, and they can also guide you through any challenges that may arise.

There are some other challenges, but you can work through them. 

Between a demanding FT job (that I enjoy,) a wife who also works FT, and two young children, I have no real desire to "all in" to real estate as a FT career at this point in my life.

I am weary of trading my time for money and wish to be more present for my children while building generational wealth.

I know there are large property management companies that manage properties everywhere, but I am curious how they overcome all the challenges of not being near the properties.

Thanks so much for your help in advance I would see if you could do a rent to own or seller finance. you are going to have trouble getting financing without income for a primary residence as the lender has to follow federal guidelines and your ability to repay - which if you do not have income that makes it challenging to qualify. 

Challenges?

As I prepare the unit for the next tenant, I'm finding the gas stove cooktop and the inner oven glass particularly challenging to clean.

Challenges?