I have been in real estate for 30 years in Florida and also another City in Maryland (Bowie) about 45 minutes outside of Baltimore and don't think I could have done it without physically being in the city.  

Depending on local custom, you can hire for "financial" management only, or "full physical management" to deal with rules enforcement, sourcing contractors, architectural controls, etc.Check for your local chapter of Community Association Institute here:https://www.caionline.org/page...They are a great resource for Boards and for Owners to learn about HOW an HOA is supposed to be operated, and their will be plenty of professional, local, human resources available to help you determine exactly what steps need to be taken.

To be honest, given your age & experience level, your most valuable asset is probably physical.

Specifically, would I have to be there as a physical host?

From repeated 3-4 day water shut-offs to death threats, both verbally and with a physical aspect to it (eg.

I am not physically in Texas right now so can't act as my own RA.Thank you.

If you have any other debt, don't invest in physical RE.

The physical things mentioned such as the car are things I observe and take note of, but are not my primary decision making points.

(physical cash coming in?)

Lets say there's a two car garage connected to the home itself using this property as an example: 2292 S Sherman St, Denver, CO, 80210 | realtor.com® (strictly an example to imagine) Is it legal to physically demolish the two garage doors, build a wall, sealing any gaps, and turning it into a bedroom or livable space to then rent out to tenants?