Yes it's possible, but zoning and utilities could be your biggest roadblock - not to mention water in basement as mentioned by @Dave Spooner.

Being prepared to pay the mortgage off if called due is my biggest concern.

@Hillary Windrem we flip exclusively remotely and the biggest challenges has been accountability and processes.

The biggest thing you have to consider is your exit and unless you can make this a really nice small park or group it with other assets as part of a package it will be hard to exit any time soon. 

My biggest draw back with Stessa is that you cannot accept payments through it or communicate with the tenant in any way.

The Service generally will not issue a ruling under this revenue procedure if the co-owners held interests in the Property through a partnership or corporation immediately prior to the formation of the co-ownership.Each co-owner must share in all revenues generated by the Property and all costs associated with the Property in proportion to the co-owner's undivided interest in the Property.

The Company generated $453 thousand in revenue for the first six months of 2021 and through timely purchases of Bitcoin, Ethereum, and other cryptocurrencies, BTCS has substantially grown its digital assets over the last year.

I 100% agree with the comments above about preliminarily chatting with a lender, as what you can qualify for is going to be the biggest hindrance for your purchasing.

Yes, this year's revenues are important. 

They usually have overinflated revenue and low expense assumptions.If you’re comfortable with the numbers on it, just keep in mind that you likely won’t be able to replicate the total rent in the “by the room” model in a traditional long term rental.