I don't think being a long distance landlord is as easy as some tout but full disclosure I've stayed with 80 miles of my primary residences. 

Prioritize properties with rental potential, plan for reserves and tenant strategies, and stay patient as you network and learn.

I'm looking at small multifamiles and won't have an issue with capital thankfully.I am in Arkansas and looking to stay local-ish initially.

The discipline to run on a budget for a number of years or decades depending on your math, doesn't factor in emergencies or market changes where the HELOC could be used to invest in other places.

We actually stayed in one as an Airbnb. 

@Michael BaumEvery property we ever stayed at had a physical book so yes - it definitely suffices.

I would provide the capital and otherwise stay passive, but hopefully grab better profits than private lending?

Several economic factors are contributing to this shift:Overbuilding: Some areas of Charlotte have seen significant overdevelopment, leading to an oversupply of rental units.Tighter Money: Rising interest rates and economic uncertainty have made tenants more cautious with their spending.Tenant Behavior: Many responsible renters are choosing to stay put rather than take on the cost and hassle of moving.What Does This Mean for Landlords?

We were staying in Pendleton (yes, on-base).

Since the original mortgage stays in place, you only need to ensure the reinvestment equals or exceeds the proceeds.