A covenant that touches and concerns the land can be one that either calls for doing either physical things to the land, or refraining from doing physical things to the land. 21 C.J.S., supra, p. 359.

I will physically scan other properties similar to mine ( 2 bed/1bath) and I will compare my pricing to someone else for cross comparison. 

Who will PHYSICALLY walk through the property?

Digitize physical receipts for easy storage.

Is it something where I need to physically be close by.

You get an exponentially better opportunity & reason to invest.Now, there will be headwinds-- climate change, physical capex to maintain physical structures,human beings, etc.

It’s great to have an appraisal that shows higher value but markets are changing rapidly in some areas and unfortunately value is based on what people will buy it forQuick question to the OP: have you physically visited this property ?

Unlike traditional real estate notes is something that is easy to do from afar since you do not get access to the interior anyways so there is nothing you can physically inspect.You are correct that you will get $500-$600 a month in payments but also recognize its taxed at ordinary rates... 

The wet signed physical piece of paper is the actual collateral for this deal. 

Currently, they track their expenses by keeping all their receipts and invoices in a physical book that they hand to our accountant at the end of the year (poor guy, lol).