But now you have a challenge of documenting both your time AND time of everybody else involved with the property.Now, to answer your question - is it possible from out of state?

If no response contact the State Banking group and get them involved.  

Quote from @Logan Barwick: I Am looking at getting involved in rental properties and debating on which option would be best.

I strongly recommend getting involved with your local REI meetup groups so you can work out your pitch with help from other landlords.I hope this doesn't come off the wrong way without tone or facial expressions behind it. 

Time consuming - if you have 10 applicants are you going to interview each?

Every great multifamily investor I’ve spoken with emphasizes this skill, and I see why.On the other hand, underwriting can be time-consuming and prone to human error.

It really comes down to your goals and time commitments.Airbnb margins have been getting tighter and it is extremely time consuming.

With new regulations in Canada like the flipping tax and property gains tax, I want to be mindful of the risks involved. 

BTW there is a free trial and the Starter monthly plan is $119.It also allows you to search through consumer information such as property owner "credit worthiness," Credit card usage, buying power, age, language, family members in the house, and many other fields that are above and beyond property characteristics, which is unique.

I am able to do majority of the work involved and have been in trades for over ten years.