It removes  yourself from the decision making seat and places it on oversight rules and city codes but as Greg pointed out, I may be wrong on the city code angle. 

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if I can be of assistance.

This will help you be decisive when it comes to taking action.

I'm going to attempt to confirm this before making my final decision.

So here is what YOU will be doing remotely:- Taking photos of the property and loading them in software to list for rent- Writing advertising text for the listing- Determining rent price and approval criteria- Applying local laws in your management- Screening prospective tenants for showing- Showing the property- Verifying application information such as contacting employers and previous landlord- Making approval or denial decisions based on applications- Communicating with the applicant from application to approval or denial- Setting up the lease and getting it signed- Getting the locks changed at the property and getting the tenant their key- Doing a move in inspection with the tenant- Collecting rent, which is easy when people are paying.

It is a personal decision and your accountant might be a good sounding board as well.  

It can be debated if I made the correct decision to heloc over refinance while rates were low.

Remember that this is a business decision that we are making to buy a rental property.  

I wanted to come here and ask before I made any concrete decisions.

I thought I'd share a link to a new guide I just put out that should help to demystify some of the pieces around home ownership and provide prospective home buyers with the information they need to make a more informed home-buying decision: Should I Buy a Home