You can capture the potential tenants vital information and send them a lock box code so you do not have to be present.

As for ourselves, we are always looking, but not buying at the moment as we think our money is better off sitting in a high yield savings account, versus locking in a high rate on a mortgage.I'm not trying to be a nay-sayer - as real estate is awesome.  

Locking in Price: You can agree on a purchase price upfront, which can be beneficial in a rising market.

They locked in rates for 30 yrs therefore guaranteeing a higher potential of success.

Right now, the buy-in is so high in NJ, they are locking up deals at prices that aren't sustainable and chasing spreads that are way too big.

She aims high and typically locks in top tier tenants.  

Reason I do not want to do a cash out refi on my primary is because my rate is locked at 2.7%.

I also do not think the people will allow themselves to be locked down again based on the post covid review which this is not political.

You typically charge them an Option Fee (the $20k) to lock in purchase terms today. 

Tax wise no, the actual return is higher than 3% but if you're comfortable locking up funds for 6 months, 5% doesn't look terrible to me.