This setup allows me to maintain my current income while being physically present in Missouri to actively manage our real estate investments.My BRRRR Strategy:My goal is to identify single-family homes or small multi-family units that need some rehab work, ideally in neighborhoods with strong rental demand and growth potential.

Just curious, I’m a big magazine fan (physical copies).

This ended up being a wholetail where we physically closed on the property ourselves and relisted it on the MLS after bringing up its market value.

What other factors should I pay close attention to in either the deal or when reviewing the physical property?

I own a few online businesses and in negotiations to purchase another local physical business within the next month or so.

(The argument about "74% of your first year's payments going towards interest-only" is completely irrelevant, because if you converted the whole loan to a first position HELOC, your Lender would still require the same - if not more - money out of your wallet each month, and you'd only be accelerating your pay down if you were forced to pay it back quicker, or if you volunteered to, because of all your excess income!)

They are not generally near a retail center-point so I'd be curious who a potential solid backfill would be, especially to your point, given the size and physical attributes of buildings themselves.

Sometimes players need physical therapy (rehab), some need more 1-on-1 coaching (optimization/advertising) and some to be traded (1031 exchange).

Physical REI is not a paper investment; almost anyone whose invested on paper numbers I am willing to bet is showing a lot less than the reality of if it unless they took realized gains by selling(into the appreciation rate) or cashed out refi. 

So far every booking guest's ID address matches their VRBO physical address.