If you are talking about out-of-state, flipping and BRRRR-ing could start getting risky because you'd have to have trustworthy teams and how much would you be able to be there to monitor things?

If you turn your monitor...You will see the drywall is in.  

Bigger Pockets has some great state forums and usually there are good locals that monitor those.

Just to give an short term rental owner point since there is a lot of fact-less, miss information, emotional and fear driven arguments going around.As a short term rental owner we abide by the current ordinances and laws (yes even parking), pay all the appropriate taxes btw yes we do pay state and local occupancy taxes just like hotels do also, we also actually pay about triple the property taxes that a normal home owner does for the “privilege of renting our own property”, we take better care of our properties than most property owners around us, clean and maintain our properties weekly, we screen the people we put in our propeties also (my felony neighbor that moved in next to me I have no control over btw).We have systems in place to monitor our propeties 24/7 like video and in fact have even had other neighbors come to us asking for our help and video coverage for unrelated issues on their property.We actually enjoy meeting the different people that stay in our properties and even had a CBS reality show filmed at one of our properties recently.As an owner the only real negative experience I have had is from the folks that think they have to right to tell me what to do with my property.Do we have an occasional guest that thinks they don’t need to follow the rules of course but we handle it just like I would think you of any guest that comes in your home.

By the way, I realize it is not entirely passive but I have several rental properties of my own and I will be able to monitor the investments properly.

We were definitely monitoring things daily especially since we had a 3-family flip of ours close on Monday.

I am working with a partner in Silicon Valley to develop a computer vision based security and monitoring system for multi family properties.

As a professional firefighter in Omaha I can tell you that a chimney is not what dictates the need for a CO monitor.

So now that I have the ball rolling, the town is trying to mandate that I install sprinklers in the ENTIRE building which will include a fire alarm system that will need to be monitored, in my terms $40,000 worth or work?!?! 

I would like to piggyback on this and see how many people monitor and update their duplex, fourplex, type units with the latest smoke & carbon monoxide detectors?