In many such areas, the operating expenses will always outpace income unless you're an expert on such areas and renting to low income, which it's almost impossible to be when investing out of state. 

It will be difficult but not impossible to find a lender that will take second position and very likely the first lien holder will be apprehensive to a subordination agreement..The terms will not be as favorable likely in the 7-8%'s I/O but on a new mortgage there are investors that theoretically can finance 'unlimited' units..I think with our team it's 250+ up to $100M.

This is nearly impossible unless you document everything ever done to the unit with records, etc.  

In many cases it may be physically impossible. 

Not impossible, but tough.

This year I've looked into potentially getting a property back home but it seems nearly impossible to find a profitable deal out there.

Unless the infraction is egregious impossible to correct, the first step is a lease violation warning.

Unless you have 300k cash on hand to handle the rehab, getting a HML or PML to do the work will be impossible since its ARV will be less then what is needed is needed to get it rehabbed.

Hey Kyle,It's hard to find rentals that still cash flow in the LTR space, but not impossible. 

It's difficult - often impossible - to verify their identity, address history, ability to pay debts, or criminal history without a social security number.