For me, I would use it as a down payment on an apartment complex, hire a great property manager, and sit back and collect. 

Or hire someone to do your direct mail. 

You can hire a lot of things without hiring a licensed realtor such as a secretary, customer service representative, an advertising specialist, general contractor, cleaning service etc.  

I have seen very effective virtual tours for construction projects. 

We hire professionals for the big repairs and have in house guys who do a lot of the unit turnovers.

However, there are ways to maneuver around this, because a loan secured by an asset, virtually any asset, can be used. 

They are really well run and bring in fantastic rent, but I know I don't have the desire to manage myself, and being out of state, just don't want to deal with the hassle of hiring a property manager, maintenance person, etc. 

Just the rule of thumb, you are not doing the work yourself, and you are hiring licensed contractors, then have them pull permits.

A reputable public adjuster will work with you on a contingency basis either for a percentage of the entire claim (if they work with you from the beginning) or on an "over and above" basis if you hire them if you've received a substantial amount that is still too low. 

Below is an illustration showing the effects of urban sprawl on investment properties.Las Vegas is one of the few major cities not subject to urban sprawl because it is virtually an island; it is surrounded by federal land.