Learn healthy ways to alleviate stress. 

Only thing that could make something 'too far' is if it is a total pain to get to/fly to if you need to go out to it for some reason.I manage my out-of-state properties with property managers, and I buy turnkey to alleviate a lot of risks of rehabbing and all that jazz.You may need to find a market and properties before you find the property manager.

That may help alleviate some of the monthlies.

Any creative financing ideas that would help alleviate the immediate cash need? 

I too am curious about the implications regarding insurance, statements, and seller credits at closing.With regard to the bank statements portion, designating and third party servicer to whom you send your monthly payment, who then actually pays the underlying mortgage and provides an accounting could help alleviate those concerns.

Of course the title company would suggest foreclosure, it alleviates any payment from them.

It is an animal that works, provides assistance, or performs tasks for the benefit of a person with a disability, or provides emotional support that alleviates one or more identified symptoms or effects of a person's disability.

It just alleviates some pressure for the Landlord. 

I make sure that I explain risk and help alleviate any anxiety she might have.

@Patrick Philip  you can alleviate all of your concerns by hiring a professional general contractor.