With technology now you can self manage for less than 1/2 hour per week.

@Kendall Vrana@Joseph Hamaoui(Technology is hard...)

I'm a business owner\entrepreneur working in the advertising technology industry.

The biggest challenge I face is that I have quite a number of tenants that pay in cash and aren't technologically savvy. 

Hopefully technology & improved banking system make your statement above true. 

It really depends on whether the contractors in your area are well versed in the technology, and whether you'd want to make that financial investment for this property.

Covid Shut down was an eye opener for these big companies to be able to see how technology can  play a big part in there business and not actually having to have employees be physically in a commercial building setting can still drive there future business ideas.  

The chair likely will be worth only 30% of what I bought it for new in 10 years due to wear and tear and technology advances BUT the USE I get out of that chair over 10 years  is amazing.

This is just a hunch but I think these older investors might not fully understand the impact of technology (as highlighted in Long Distance RE Investing) and how it has changed the game and made it possible to invest out of state. 

I’m not sure what expenses you have factored into the NOI equation but that plays a major part in the equation also.Honestly, a property of that size can be supplemented through the use of technology.