We also have installed SimpliSafe (and signs about ongoing monitoring outside of the property).As someone else mentioned, it is best to have a plan not to go long stretches without checking in person.

Personally never heard of this scheme or way to set up transactions. 

The only person willing to lend me money was Paulie—a guy who charged a point a week and always had a baseball bat within arm’s reach.

Quote from @Leonard La Rocca III: So is it common to find a conventional loan without meeting the lender in-person?

Personally, I believe it's preferable to have stricter requirements and wait for a qualified tenant.

Being a normal person and giving someone a heads up has not bit me, yet.In addition to what the law requires, I always shoot the tenant a heads up either via text, call, or email.If they are mostly responding to email, then shoot them an email.Emojis and gifs work wonders in today's day in age.

I was implying about the type of person the original poster is.

I'm only one person.

Hard to say one way or another without knowing your personal finances, goals etc., but it seems like a good deal. 

Personally, I bought a 3 bedroom house as my first purchse and lived there while renting bedrooms and 2 bedrooms rent paid all of the mortgage payment and 2/3 of the utilitites.