Putting aside the physical conversion, the two primary challenges are zoning and financing. 

Its a little inconveneient for the tenant becuase you have to go pick up your mail but if your tenant had amazon deliveries or needs an address for employment purposes they can still use a physical address such as the "#A" or "1/2" that you mentioned.

I've worked several jobs, most of them time consuming and physically demanding, but I've been interested in real estate for a number of years now.

Stock is equity in a physical company. 

I was at physical therapy trying to sneak messages in where I could.At the end of the day I’d suggest visiting REtipster.com.

He's using us to fix it up on our dime. 4102 Dartmouth st Portsmouth,va..also no physical damage on walls.

I haven't seen the lot physically just on paper.A friend of mine from work is currently developing land and they said nothing for 4 yrs and now its picking up..but its luxury homes.. 1M homes.Her issue is the developer/builder is making more money than them who owns and developed the land.

My parents owned several properties, MN.. and they were in no shape physically to care or manage them but they wanted control.. 

You also have to keep in mind not just physical vacancy, but economic as well (bad debt, loss to lease, etc...).When you say capex I assume you mean capex reserves?

I struggled financially, mentally and i was physically exhausted since I had to let go of my employees and do everything myself.