First of all treating rental income as a hobby is a very bad idea. 

Owning an asset is never a bad idea, especially if it's income producing.I would speak to a CPA about using cash from a WLI policy. 

If you feel bad and want to save people money, start with a free pre-screening.

However, this isn’t a sign of a long-term shift—it's a temporary adjustment influenced by a unique set of factors.The good news?

YUP anyone advocating this to the public is not doing the industry any favors to many bad apples and even if your the holier than though trainer etc etc.. the students are such that you cannot know who is going to be a bad apples and screw people.. having spent 40 years lending money to investors .. its the nicest ones up front that end up being bad apples.

I have heard both the good and the bad sides of investing out of state and so I am curious to know what other's experience has been? 

I'm not an SME on immigration law, but I know that you can get burned pretty badly if you run afoul of OFAC and AML stuff. 

Make sure the zoning, local building department/regulations, and neighborhood allow you to put a tiny house on your property and rent it out.If that is not possible, using that money for the next property makes sense.In general, I think increasing housing density will help provide more badly needed housing affordably.To Your Success!

If you think renting to her might be a bad idea, then do not rent to her.

It's bad, very bad, math.If you buy a property with all cash for $200k, and that allows you to have PCF of $1000/month, that means it will take you 200 months before you break even.