I work with investors who always manage from a distance - just have to have the right management team on the ground to make it work as long as everything else "adds up". 

They have no height restrictions, use restrictions, code restrictions, etc. as long as they remain on the title for the land, so we have agreed to set up a 99 year lease with the first rights to renew.

As long as you carry sufficient reserves, it's a great way to grow wider faster.

As long as that is fully disclosed and youre charging the fee to simply process the payments you should be OK. 

As long as it cashflows when you move out it’s a win!

Locations are not important as long as they on board remotely/online and have a strong "online friendly" presence that can satisfy most general banking needs (attractive ach fees, online check deposit, ect). 

I'm even open to something with a higher interest rate, as long as the numbers produce profit for me (rent from the property exceeds monthly payments) it's a win right now.Any Ideas?

I've heard there could be some accommodations I night have to make as long as they are in reason. 

I don't believe going from single to multi would be an issue so long as the other rules around 1031 are followed, such as timing.

But sharing rooms will be a choice, if they choose to bring a friend to lower the cost then they can as long as the roommate can still pass the screening and tenant requirements.