If you go that route, focus on stable, landlord-friendly areas with strong rental demand, and build a reliable team on the ground (property manager, agent, contractor).Regarding property management, it depends on your bandwidth and goals.

If you manage to get this off the ground and do some verified - meaning paperwork is in your name, or company's name, etc - projects that turn a profit, and you build some capital in a bank, you should be able to go right to that lender after a year or two and start a relationship no problem.  

You would likely have to do a ground-up construction for a design you are proposing.

I am the boots on the ground and provide all of the time and my partners supply the money.

I mainly was curious about what legal grounds we have in order to proceed, since the PMA doesn’t specifically state “agent won’t grant criminals unsupervised access to your vacant property”, I figured that was just given!

If you're looking for out-of-state properties, start with turnkey single-family homes or small 2-4 unit properties while building your local network and establishing boots on the ground.

None of these things will bring success tomorrow, but with doing them consistently every day, I will wake up in 5,10,20,30,40,60 years and be miles ahead of everyone else.2) Never stop learningThere is only growth or decay, there is no middle ground.

As far as actually closing transactions remotely you may want to work with an agent who is “boots on the ground” who may be able to help you with showings. 

Instead you've got million dollar homes in areas that are ground zero for disaster like Jay said.

There are a lot of rough areas here that look good on the internet but the reality on the ground is much different.