I'd been looking for deals on the MLS and quickly found that it'd be extremely difficult or even impossible to find true deals.

In other words, if there was a judgement against you, very difficult to impossible for them to come after your 401k money. 7) Your 401k avoid probate when passing onto your heirs. 

Its not impossible to do it 100% remotely but when its your first out of state rental - its probably much much better to go in person for it - and then when you find an agent that you trust and has proven to be able to be up to the job and your needs, then future properties you can be more comfortable not going down to look at all the properties

Haven't had to worry about this yet but I hear it makes it impossible to evict if you accept even a partial payment so I'm glad I can choose my settings to only accept full payments•I can set up rent disbursements from different properties to go to different bank accounts for bookkeeping purposes that's niceCons•My only big complaint is that I cannot set up a general application link, I have to use the RentRedi portal to send an email to "invite" individuals to apply one-by-one.

Not impossible, but not likely to get a license.

And of course with 700 its hard to know them all personally or impossible I guess..

Personally, I tend to see it more with my clients when they are buying vehicles as they are scaling (crushes DTI/FICO in the short term), but that sucks that its impacting what you can do with your family.

But I suspect you will find what most do that its darn tough to next to impossible to pull off. 

Absolutely impossibly to be organized with them.

There are other considerations that may still make it impossible to permit the construction of the building even  if the by-right use permit is obtained and its important to have an architect closely examine how the proposed floor plans will layout to confirm egress &  bedroom windows + localized zoning overlays along with a  number of other factors.