So the negatives mostly are accurate but not usually impactful for a long term hold.I recommend you (and virtually everyone) start local.  

Do you need to virtually stage your land with tents, a fire, marshmallows being cooked on the fire...  

It is also why virtually every RE syndication has an appreciation play.  

If it's just you that owns the LLC, it's considered a Disregarded Entity which means you virtually have no Asset Protection and it's just like you own the property in your own name.

I'm a Virtual Assistant for an experienced real estate investor in Memphis. 

From there, you can set up a virtual account for each property that can also have a virtual card attached to it.

We meet with them virtually or in person if all possible and then we present to them our track record.

https://www.firsthorizon.com/Landing/Virtual-Events/Bryan-Jo...

Hey Josh,Me and my partner have been wholesaling virtually for almost half a decade, so the answer is yes: You can absolutely do wholesaling remotely. 

But if you want to go faster, there are two things that will help by getting your foot in the door with house hacking.First, is over time you'll build equity and can eventually refinance and take that cash to use as down payments.Second, if you want to use private lenders, virtually all of them other than family and close friends will want to see a track record.