Just so you know you can use a USPS PO Box as a physical street address now and receive UPS and Fedex there also. https://ribbs.usps.gov/index.cfm?

The original poster's easiest route would be to have the owners of those titles request a lost title from the DMV, and then once the DMV sends them a physical title, have the owners sign them over to him.

I see some larger single family homes in areas that appear to be zoned R2 that, at least from a physical perspective, seem like they could work for this.

I'd still venture your online ads might be more beneficial, but NOT having physical signs means you're not getting the foot traffic. 

The engineer should be able to advise on the best lot line outcome, especially if there are physical circumstances to consider, such as wetlands.

@Michael BaumEvery property we ever stayed at had a physical book so yes - it definitely suffices.

It doesn't add layers of physical damage coverage or cover things that wouldn't otherwise be covered.

If it's a good asset(meaning primarily good location), you eat the 5.3% cap no problem you own the physical asset.

Being in NY maybe something to do with physical document transportation?

Many property managers tend to focus on physical occupancy rates, but what truly matters is the economic occupancy rates—the actual rent collected.