Seems like we cannot use our UPS address (we used for privacy when setting it up) but actually need a physical address.  

Some states require an option to physically mail.

I would be more concerned with condition and if the inspectors saw any physical problems. 

Last resort, partner with a local wholesaler who is physically in the area and JV.

You could try to go the short-term rental route, but AirBnB is a challenging business if you are not physically hands on and more importantly, pending legislation could derail your investment (i.e.

That is also closer to me in terms of physical distance. 

Capital One can often require the business be located within a certain number of miles from where the bank maintains a physical office.

In this case, may we get in trouble because we're not physically live in the home?

Distress could be physical condition, mismanagement, or a combination of both.  

I was shopping and analyzing deals for over a month, but as soon as I physically moved myself to the area and started touring in-person, I had a property under contract in 4 days.