State laws vary but here in FL you would only be bound by the rules you agreed to at purchase I believe.

Someone with one newer aged rental, who has a rather high income, such as a surgeon who lives alone comfortably with a lot of disposable income, could possibly carry less than a Mr and Mrs just starting out, with one rental that they bought as a turnkey in a more downtrodden neighborhood in a different state.

Quote from @Dave Vidales-Sanjuan: This leaves you plenty of time to research and find a quality agent that works well with investors.Here's a good article with tips for finding a good agent: https://www.biggerpockets.com/blog/how-to-find-an-investor-f...

Set your travel boundries first... local, regional, state wide, multi state, etc. 

I think starting out with a single family makes sense as an out of state investor.

Here is another article...https://www.jsonline.com/story/news/investigations/2017/03/03/no-title-no-worry-llc-no-longer-owns-house-files-evict-milwaukee-family/98550996/

In such situations, a company can provide for exclusions of confidentiality.This exclusion of confidentiality states that all information shared is confidential except for certain information which will be expressly listed.

Since loans are considered securities, most states require a security exemption, which can be prohibitively expensive.At least one state, California, automatically grants licensed CA real estate brokers an exemption without requiring them to go through the expensive registration process.  

I owned and operate 2 ALFs in Arizona for last 17 years , let me know what questions you have keep mind laws are different in each state you will be under Department of Health licensing rules and City Planning Zoning rules Good luck! 

@Corben BriggsYour attorney would be by far the best person to get this document from as they will know the property, what it needs to say and state laws surrounding it