What type of investment are you looking into? 

@Devanand Ramachandran It sounds like you should hire a local property management company that specializes in the area and property type.  

Purchase price: $80,000 Cash invested: $16,000 3 bed 1.5 bath, Section-8 Rental Property What made you interested in investing in this type of deal?

I would also find an attorney with experience in the type of business you are starting.  

Wouldnt this be more difficult to do if your not actually on the ground in that area, especially for someone new in this type of investing?

My thoughts echo @Jaron Walling: Both of the RE ventures you mention are not the 'passive' type like a LTR would be...

The age of the property and type of construction make a difference in lending options.

I study this fundamental question here and come to a conclusion based on a simple distinction between two types of contracts: contracts to produce new goods or to provide services;1 and contracts to convey existing goods or other property.

I think all types of real estate investors are interested in path of progress.

Technically everyone was a stranger before they moved in and we've never had any issues of stealing or squatting or any type of damage to the property.